PM Hariri: Saudi, UAE want to invest in Lebanon    Egypt's hot and humid weather to continue into Saturday    Hazard out of Real Madrid season opener with thigh injury    Ebola outbreak spreads to 3rd province in eastern Congo    Four killed, over 20 injured in blast at Pakistan mosque    British policeman killed investigating burglary, PM Johnson shocked    EgyptAir operates 10 flights to bring pilgrims home Friday    Egypt's non-petroleum exports hit $13 bln in first half of 2019    Grain imports from Russia are carefully examined, says minister over radioactive blast    Live score: Egypt's Zamalek v Somalia's Dekedaha FC (CAF Champions League)    Halilhodzic hired as Morocco coach    Egypt hosts Declaration of Change meeting to support stability in Sudan    Iran's Rouhani stresses rejection to foreign presence in Gulf    Egypt calls on UN to engage in dialogue with Libyan elected representatives    Zohr's gas production hits 11.3bn cm mark in 1H19: Rosneft    July's Inflation reading heralds interest rates cut at CBE's next meeting: Beltone    Economic, educational legislations will top fifth parliamentary round    Egyptian Mohandes Insurance's total assets rise 9.7% June-end    Egyptian dairy company Domty announces Q2 business results    New Alamein to host Amr Diab concert on Friday    Restoration of Tanta Museum completed, ready for reopening end-August    Sudan opposition to nominate economist Abdalla Hamdok for prime minister: Sources    Temperature drops in Egypt on Friday    Chinese forces exercise across border as Hong Kong braces for protests    Houthi drone "fell" inside Yemen: Saudi-led coalition    South Africa's rand, shares bounce from massive losses    Burundi starts vaccinating health workers against Ebola – WHO    Liverpool wins Super Cup after penalty shootout against Chelsea    Multi-millionaire financier Jeffrey Epstein autopsy report shows broken neck    Egypt's Zamalek to announce new coach Sunday: Mortada Mansour    Egypt produces ‘Fraud' documentary on Muslim Brotherhood history    Egypt's champions Ahly offload eighth fringe player Ahmed Hamoudi    VIDEO: Egyptian Media Group releases ‘Scam,' documentary on ‘Muslim Brotherhood terrorist history'    Egypt's famed stars Ahmed Ezz, Zeina fight with hands    Photo of Egyptologist Zahi Hawass to decorate NYC's Times Square to promote tourism to Egypt    Ebola “no longer incurable” as Congo trial finds drugs 90% survival rates    Egypt to reopen Tanta Museum August-end: ministry    Egyptian tycoon Hussein Salem dies in Spain    How Egyptians prepare for Eid Al-Adha    Three incredible Egyptian athletes who challenged their disabilities    FACE integrates homeless children into society    Egypt keen on supporting youth: Sisi on IYD    T. Jefferson Parker tells latest tale in tight, vivid prose    Granite Sphinx of Ramses II, other artefacts transferred to GEM    Perpetrator of NCI blast identified, security kills 15 collaborators in shootout    Parliament prepares new agenda of fifth legislative round    Egyptian films to participate in 9th Malmö Arab Film Festival    EFA's marketing department awaits election of new board to develop Egyptian football: Zaher    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





For the First Time, WB's Chief visits Egypt on 9 June
Published in Amwal Al Ghad on 04 - 06 - 2015

World Bank Group President Jim Yong Kim will head to Egypt in an official two-day visit starting June 9, in accounts of the group's " "commitment to back development in country," according to a Thursday statement.
This is the first time for Kim to visit Cairo since he headed the WB Group in July, 2012, the statement read.
"Egypt's geographical location in the heart of three continents and its role in achieving regional stability is a key factor for luring investment, which would contribute to bolster growth and create jobs," Kim said in the statement.
Kim will meet Egyptian Prime Minister Ibrahim Mahlab, ministers and senior officials, as well as representatives of private sector and NGOs, in order to discuss ways to maintain the WB's support to boost sustainable growth and prosperity in Egypt.
Discussions will also touch on private sector's role in Egypt's economic development and growth in general.
WB's Vice President for the Middle East and North Africa region Hafez Ghanem along with the International Finance Corporation's regional director Moayed Makhlouf will accompany Kim during his visit.
Earier in April, the WB decided to increase its investments in Egypt to $4.5 billion in the coming four years.
It forecasts Egypt's economy to grow by 2.9 percent during the current FY (2014/15), up from a 2.2 percent growth during the previous FY


Clic here to read the story from its source.