News Column

World Bank Group Launches Stakeholder Consultations for Egypt's New Country Partnership Framework

June 15, 2014

WASHINGTON, June 15 -- World Bank issued the following news release:

The World Bank Group (WBG) today launched consultations with diversified group of stakeholders in preparation for its new partnership framework with Egypt, which will guide the Group's engagement in the country during the period of 2015-2019.

To inform the process, consultations took place today in Cairo, in addition to planned events in Alexandria and Aswan with various stakeholder groups including academia, civil society, youth-led NGOs, and private sector.

The Framework 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 WBG overarching goal of ending extreme poverty and boosting shared prosperity.

"We look forward to listening to input and feedback from various stakeholders on how best we can support Egypt. We are very pleased to reach out to various governorates especially those in Upper Egypt," said Hartwig Schafer, World Bank Country Director Egypt, Yemen and Djibouti.

The CPF is a joint document of the three WBG institutions - the World Bank, International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) - and will build on their respective strengths and areas of expertise.

"IFC mission is to provide people with an opportunity to escape poverty by supporting the private sector in emerging markets. The consultation process will help us assess development priorities, and in turn help us focus our efforts to how we can support Egypt in its transition," said Nada Shousha, Country Manager for Egypt, Libya and Yemen.

The regional consultations demonstrate the significance of lagging regions as a development priority for Egypt and also underline the World Bank's keenness for inclusion and listening to input and feedback from stakeholders across the nation. The World Bank Group launched its new consultations website and survey for Egypt as part of the ongoing consultations which will help develop the Group's CPF with Egypt.

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Source: Targeted News Service

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