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Sunday, 14 October 2018

World Bank gives Egypt some love in Bali at 2018 annual meeting

** #6 World Bank gives Egypt some love at Bali meeting: Egypt’s successful reform story was one of four that received praise from World Bank President Jim Yong Kim during the opening session of the World Bank’s annual meeting in Bali on Friday, the Investment Ministry said in a statement (pdf). The ministry said Kim reserved particular praise for the government’s reduction of subsidies and the redirection of funds towards health, education, and other avenues of human capital development — which was a topic of discussion in a separate roundtable yesterday (pdf) attended by Investment and International Cooperation Minister Sahar Nasr.

Egypt, World Bank sign pact on USD 300 mn in funding for rural sanitation projects in Egypt. The funding is earmarked to ongoing projects in Sharqiya, Daqahliyah, Damietta, Gharbiya, and Monofiya under an initiative that was launched in 2015, the Investment Ministry said in statement from Bali.

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