Cairo – Mubasher: The World Bank Group’s investment portfolio in Egypt consists of 16 projects valued at $6.7 billion, the Egyptian investment minister said on Wednesday.
The US-based institution’s investments are focused on social protection, improving competitiveness, infrastructure growth, in addition to setting a digital development strategy to prepare youth for future jobs, Sahar Nasr highlighted in a statement.
Moreover, the bank works on directing the private sector’s investments to infrastructure projects, as well as applying reforms in the sectors of education and healthcare to create human capital, Nasr added.
Nasr had met with David Malpass, the US administration’s candidate to head the World Bank, during her visit to Washington.
Both parties had discussed the Egyptian government’s efforts to achieve economic and social reform and the measures taken by the North African nation to attract foreign investments.
