Last Update 15:43
Monday, 18 November 2019

Egypt's Sisi meets with World Bank CEO in Vienna

Ahram Online , Tuesday 18 Dec 2018
World Bank CEO Kristalina Georgieva (L) and Egypt's President Abdelfattah El-Sisi talk sas they pose for the family photo at the EU-Africa forum meeting in Vienna on December 18, 2018 AP
Views: 2815
Views: 2815

Egyptian President Abdel-Fattah El-Sisi met on Tuesday with Chief Executive Officer of the World Bank Kristalina Georgieva to promote cooperation, El-Sisi's spokesperson Bassam Rady said. 

The meeting came on the sidelines of the Egyptian president's four-day visit to Vienna. 

El-Sisi stressed Egypt's keenness to promote cooperation with the World Bank as a partner in the sustainable development process in Egypt, says Rady.

Georgieva stressed the bank's efforts to develop the consultation and coordination frameworks with Egypt to continue supporting the country's economic reforms and social reform programme.

She highlighted that the economic reforms implemented by the Egyptian government have achieved positive results reflected in raising growth rates, reducing the budget deficit and achieving macroeconomic stability. 

The World Bank official also said that the business and investment climate has drastically been improved. 

El-Sisi travelled to the Austrian city on Saturday to attend the EU-Africa summit which took place on Monday.

In October, Egypt agreed to a new $3 billion financing deal with the World Bank, which the Egyptian investment ministry said would help secure economic growth.

The World Bank currently has 16 projects in Egypt worth a total of $6.69 billion.

Some of the projects support Egypt's private sector, while others aim to support education reform in public schools. 

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.