Egypt Inclusive Growth For Sustainable Recovery

closed

Closed

The development objective of Inclusive Growth for Sustainable Recovery Development Policy Financing Project for Egypt is to: (a) enhance macro-fiscal sustainability; (b) enable private sector development; and (c) foster women's economic inclusion. The operation aims to support more inclusive economic growth for a sustainable recovery at a time of Coronavirus (COVID-19) related turbulence. While this standalone operation focuses on an immediate set of prior actions, the discussions with the government also encompassed proposed medium-term reforms on which there is an active dialogue. The pillars of the operation mainly align with three pillars of the overarching government program, Egypt Takes Off: Economic Development and Improving Government Performance, Job Creation, and Improving Standards of Living, as well as four of the more specific policy areas identified under the NSRP: labor market efficiency, improving the business environment, improving the performance of public institutions through improved governance, and enhancing access to finance. As such, the pillars of the operation are interlinked, and the operation contributes directly to the government’s overall vision, its short-term and medium-term objectives to place inclusive growth, job creation, and gender equality at the center of the development agenda, and the achievement of United Nations sustainable development goals (SDGs).

World Bank Group

Project

Water Supply and Storage, Waste Processing and Treatment, Government