The report, which reviewed the implementation of the 2023-2027 Country Partnership Framework (CPF), highlighted the bank's support for Egypt through concessional development financing, technical assistance, and diagnostic reports.
Dr. Rania Al-Mashat, Minister of Planning and Economic
Development and its governor at the World Bank Group, said Egypt, as a founding
member of the World Bank, has a decades-long partnership with the institution
that has advanced national priorities, particularly in human capital, food
security, and private sector empowerment. She emphasized that the partnership
is based on national ownership and aligns with Egypt's Vision 2030 and the
government's action plan.
The report noted that Egypt is the third-largest contributor
to the World Bank in the Middle East and North Africa. Since the bank began
supporting Egypt's development in 1959, it has funded more than 201 projects
totaling $27.5 billion, with a focus on infrastructure, human capital
development, economic reforms, and private sector growth.
The current CPF, implemented from 2023 to 2027, aims to
support development efforts and create conditions for green, resilient, and
inclusive growth. It focuses on boosting private sector job creation, improving
human capital outcomes, and increasing resilience to economic and environmental
shocks.
Joint projects have provided health and food services to
about 6.3 million people, improved education for 3.6 million primary and
secondary students, and offered food security support to 2.2 million people. In
addition, 750,000 people have gained access to financial services, while 1.1
million received improved sanitation services. Some 30.3 million people have
benefited from enhanced services and safe access to rail transport, and eight
million in Upper Egypt have benefited from improved infrastructure.
The report highlighted joint efforts to invest in human
capital and social protection through health and education projects. The "Takaful
and Karama" program, a key joint initiative, has provided cash transfers
and protection to millions of families. As of June 2025, 5.2 million families,
or approximately 17 million individuals—75 percent of whom are women—have
received these transfers, which help build resilience to shocks such as climate
change, the COVID-19 pandemic, and the economic fallout from regional and
global crises.
The report also pointed to collaboration on presidential
health initiatives, including the "100 Million Healthy Lives"
campaign to eliminate Hepatitis C.
Through the "Fostering Entrepreneurship for Job
Creation" project, economic opportunities have been improved for
Egyptians, particularly women and youth, by providing funding to small and
medium enterprises, innovative startups, and high-growth companies. The project
has created more than 400,000 jobs and supported over 200,000 beneficiaries—43
percent of whom are women and 43 percent are youth.
The World Bank report also cited economic analyses and
diagnostic reports as key areas of cooperation, contributing to evidence-based
government policies and decision-making. These include the "Public
Expenditure Review for Human Development Sectors in Egypt" report.
In the renewable energy sector, the World Bank Group's
International Finance Corporation (IFC) and the Multilateral Investment
Guarantee Agency (MIGA) supported the development and implementation of a
feed-in tariff policy. This opened the market to private sector energy
production, leading to the establishment of the Benban Solar Park, which has a
solar generation capacity of 1,465 MW.
The partnership between the World Bank Group and Egypt has
led to significant achievements in the country's sustainable development goals,
the report concluded. It added that while much has been accomplished, there is
still more to be done, and the bank remains committed to supporting Egypt's
journey toward improving the lives of its people.
The current portfolio of the Egypt-World Bank partnership includes 13 ongoing projects with a total financing of $6.5 billion.