Economic Reform
Ahmed Rostom, Egypt's Minister of Planning and Economic Development, met with Abdel Aziz Al Mulla, Executive Director for Arab countries at the World Bank, and Hisham Seif, Alternate Executive Director, to explore ways to deepen cooperation between Egypt and the World Bank Group. The meeting supports Egypt's path toward comprehensive and sustainable development and the goals of Egypt Vision 2030. Discussions focused on development financing and employment programs.
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Egypt's President Abdel Fattah Al-Sisi met World Bank Group President Ajay Banga on Monday, reaffirming Egypt's commitment to economic reform and warning of the economic costs from regional tensions, including an estimated $10bn loss in Suez Canal Authority revenues in recent years.