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Egypt, World Bank ink EGP 2.5 million agreement for national statistics upgrade

Egypt will enhance its statistical capacities in order to better evaluate all economic and business sectors and to track sustainable development goals

Doaa A.Moneim , Wednesday 18 Dec 2019
World Bank
Minister Nasr (C) and WB's country director for Egypt Marina Wes (R) at the signing event

Egypt’s Ministry of Investment and International Cooperation and Central Agency for Public Mobilisation and Statistics (CAPMAS) signed Tuesday with the World Bank an assistance agreement worth EGP 2.5 million as part of Egypt’s national strategy for upgrading statistics.

Minister of Investment and International Cooperation Sahar Nassr said the agreement was signed to in order to better evaluate all economic and business sectors in Egypt, and to track the implementation of sustainable development objectives.

Nasr added that the assistance agreement will also help build the capabilities of the group that has been assigned to prepare Egypt’s national strategy for the upgrade.

For her part, Marina Wes, World Bank country director for Egypt, Yemen and Djibouti, expressed her support for the agreement, saying it will help Egypt make the right policy decisions.

Wes added that the national strategy on upgrading statistics is the first of its kind in the country and will improve the lives of Egyptians.

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