Egypt seeks support from the World Bank

Egypt focused on strengthening cooperation with the World Bank to support its developmental and economic priorities amid regional challenges. Egyptian officials confirmed that the economic reforms implemented by Egypt have contributed to enhancing economic resilience and improving the investment climate, with particular attention to increasing the role of the private sector, rationalizing reliance on consumption, and stimulating exports. The meeting also addressed the promotion of sustainable energy sources and essential commodities, in addition to programs such as the "National Economic Transformation" initiative aimed at boosting competitiveness and creating employment opportunities. Officials emphasized the importance of coordinating with the international community to address crises such as food security, with a focus on maintaining trade flows, securing shipments, reducing costs, and preparing early for crises by building reserves and strengthening international cooperation.

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