Forty experts from the World Bank are expected to visit Egypt in the coming future in order to discuss new joint economic development projects, according to recent reports in Cairo based Al-Ahram daily. The bank has stated that it intends to provide capital as well as financial advice to the Egyptian government.
Meetings will be held with officials in the ministries of economics, finance, education and health. The anticipated projects will be related to human resources, education, health, agriculture, communication and technology and job-training. In addition, the bank will advise Egypt on how to integrate the private sector in projects aimed at specifically improving the country’s infrastructure. The projects will be developed through five separate studies.
In the past five years the World Bank—considered to be the world’s largest source of economic aid to developing countries—has provided Egypt with approximately $1 billion in loans, in addition to a total of $50 million in 1999. —(MENA Report)
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