WB to Visit Egypt to Assess Investment Climate

Thursday, 2nd March 2017

A World Bank (WB) delegation is to visit Egypt soon to assess the country’s investment climate as the government moves ahead with economic reform measures, Invest-Gate reports.

The March visit comes as part of the WB’s annual “Doing Business” report which measures business regulations and seeks to enforce them across 190 economies and cities at the subnational level. The report also overlooks the performance of small- and medium-sized enterprises, according to the World Bank website.

In earlier press statements, Minister of International Cooperation and Investment Sahar Nasr said that all ministries are coordinating to create an investor-friendly environment.

The International Monetary Fund (IMF) delegation was previously expected to visit Egypt by the end of February, a visit that was postponed to March then again further delayed as the Egyptian Ministry of Finance was developing the state budget for FY2017-18.

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