Arab Finance: A delegation from the World Bank has started discussing aspects of technical cooperation with the Egyptian government regarding the implementation of the State Ownership Policy Document, the Ministry of International Cooperation stated on January 10^th.

The World Bank’s delegation that is visiting Egypt began holding a workshop at the Ministry of International Cooperation, to discuss possible ways of benefiting from the international practices in managing state-owned assets.

The delegation also held a workshop at the Ministry of Finance on the policy of distributing profits to state-owned enterprises and its importance in executing the state ownership policy.

The delegation is scheduled to hold several technical meetings and workshops with relevant government agencies, including the Information and Decision Support Center (IDSC) within the framework of the Egyptian state’s directions to enhance the private sector’s role in achieving comprehensive development.

The World Bank began supporting the development program of Egypt in 1959.

Since then, the World Bank has financed 175 projects, with a total of nearly $26 billion in many various sectors, including infrastructure, human capital, and public sector reforms.

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