The Minister of Investment and International Cooperation, Sahar Nasr, said on Wednesday that a delegation from the World Bank and the International Finance Corporation (IFC) will visit Cairo on Sunday to discuss the reforms implemented by the government to improve the investment climate.
The minister met with the World Bank’s team to discuss the Doing Business report, which is issued by the World Bank, according to the statement by the Ministry of Investment, obtained by Aswat Masriya.
On the other hand, Nasr met with Mourad Wahba, assistant secretary-general of the United Nations and director of the UNDP Regional Bureau for Arab States, during his visit to Egypt.
Nasr discussed with Wahba the ongoing projects between Egypt and the UNDP and arrangements for consultation meetings held in order to prepare the working documents for the UNDP, which will be implemented over the next five years from 2018 to 2022.
Nasr took over the Ministry of Investment, leading it along with the Ministry of International Cooperation, only recently, and she is working on improving the business environment and the procedures required to start a business, especially in light of direct foreign investment dwindling since the revolution of 25 January and the weakness of tourism revenues.