Resource information
The World Bank Group (WBG) Country
Partnership Framework (CPF) for Egypt forFY15-19 has been
prepared at an important juncture in Egypt’s history to
support transformational changes to the economic and social
space. It builds on the Government of Egypt’s (GOE)
medium-term strategy and national priorities for economic
development, responds to client demands, and is informed by
consultations with a broad array of stakeholders in Egypt.
At the same time, the CPF proposes selective interventions
in line with the development priorities of the Systematic
Country Diagnostic (SCD) for Egypt, and draws on the WBG’s
comparative advantage. This program will also seek to
implement the new MENA Regional strategy, especially the
pillars on renewing the social contract, supporting economic
recovery, and promoting regional cooperation. The CPF
supports a transformative program to renew the social
contract to support private sector job creation, social
inclusion, and enhanced governance. The WBG is moving
towards more than doubling its lending program compared to
the recent past, to a total of about $8 billion over
FY15-19, of which an indicative amount of about $6 billion
is requested by the authorities to come from IBRD and about
$2 billion from IFC. The actual volume and pace of IBRD
lending will dependon the implementation of the program,
including the ability to address macroeconomic risks, choice
of instruments and economic performance in the course of the
CPF period, continued Government interest in IBRD financing,
and on IBRD’s lending capacity and demands from other
borrowers. Similarly, the actual investments by IFC and
guarantees by MIGA during the CPF period will depend on
improvements in macroeconomic stability and progress in
investmentclimate reforms that would boost investor
confidence and facilitate greater private sector participation.
