The World Bank Group (WBG)’s board of directors is to vote Thursday on the 2015-2019 Country Partnership Framework (CPF) with Egypt
Egyptian Minister of International Cooperation Sahar Nasr said in a statement Thursday that World Bank’s new country partnership would involve investment assistance worth US$3 billion.
The 2015-2019 Country Partnership Framework (CPF) aims at supporting Egypt’s development priorities consistent with the regional strategy of the World Bank Group in the Middle East and North Africa and the World Bank Group’s overarching goal of ending extreme poverty and boosting shared prosperity.
The CPS will be a joint strategy between the three WBG institutions – the World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
The World Bank said in earlier statements that the strategy aims to support Egypt’s development priorities in the new economic and political context with the strategy of the WBG in the region.
