Economics

Egypt joins World Bank’s Global Infrastructure Program

CAIRO – 20 October 2019: Egypt announced joining the World Bank's Global Infrastructure Program, which has funded 77 projects in 40 countries worth up to $69 billion over the past four years, according to Ministry of Investment.
The Ministry said in a statement Sunday that the funds were distributed between public and private institutions, in several sectors, most notably water and sanitation, energy, transport and communications.
This came during Egypt’s participation, represented by Minister of Investment Sahr Nasr, in the annual meetings of the World Bank in Washington.
The ministry explained that the projects of the program contributed to the delivery of electricity, water, sanitation and natural gas services to homes, and improved the efficiency of production and distribution of infrastructure services, and provided funding and technical support for projects to develop and rehabilitate ports, airports and railways.



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