World Bank (Photo: Reuters)
The World Bank Group announced that it will extend its Country Partnership Framework (CPF) 2015–2019 with Egypt for two years, so that it will end in 2021.
In a statement on Wednesday, a copy of which was obtained by MENA, the group said that this decision was taken after the group’s board of directors conducted an official review of the results of the current CPF.
Regional Director of the World Bank office in Egypt, Yemen and Djibouti Marina Weiss said that the expansion of the CPF with Egypt will allow the group to continue to support the ongoing reform measures carried out by the Egyptian government with the view to improving the living standards of Egyptians.
The World Bank Group’s current engagement is guided by the Egyptian CPF 2015–19, which focuses on fighting poverty and inequality, informed by extensive consultations with the government, private sector, academia, civil society organisations, and youth groups.