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World Bank Outlines Steps for Egypt to Boost Private Investment Mirette Magdy, Bloomberg News (Bloomberg) The World Bank Group urged Egypt to introduce more transparency about the state’s economic activity, a step it said would encourage much-sought private investment. A sweeping reform program that began in late 2016 has boosted macroeconomic performance and “restored confidence in the economy,” but the moves “have yet to trigger a marked and sustained increase in non-extractive private investment and exports,” the World Bank and International Financial Corp. said Monday in a joint report. In recent weeks, the Arab world’s most populous country has announced an initiative to offer up to full ownership in as many as 10 army-held companies as it seeks to attract more private investment. Authorities plan to increase the private sector’s contribution to the economy to about 60% by June 2024 from close to half now, Planning Minster Hala El-Saeed t

Hosni mubarakMinster hala el saeedWorld bank groupInternational financial corpWorld bankInternational financialPlanning minster hala el saeedEconomic pivot takes shapePresident hosni mubarakஹோஸ்னி முபாரக்மினிஸ்டர் ஹலா எல் சயீத்உலகம் வங்கி குழுசர்வதேச நிதி கார்ப்உலகம் வங்கிசர்வதேச நிதிதிட்டமிடல் மினிஸ்டர் ஹலா எல் சயீத்