World Bank Group
Egypt Country Partnership
Framework
The World Bank Group
IBRD IDA IFC MIGA ICSID
Internationa Internationa International Multilateral Internationa
l Bank for l Finance Investment l Center for
Reconstructi Developme Corporation and Settlement
on and nt Guarantee of
Developme Association Agency Investment
nt Disputes
Loans to Interest-free Solutions Guarantees Conciliation
middle- loans and in cross border and
income and grants to private private arbitration of
credit-worthy governments sector sector investment
low-income of poorest development investments disputes
country countries against non-
governments commercial
(political)
risks
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Twin Goals of the World Bank Group
Ending Increased incomes
Extrem for bottom 40% of
every developing
e country
Poverty
From 18% Boosting
to 3% of world
population by Shared
2030
Prosperi
ty
An Unprecedented Opportunity:
Ending Extreme Poverty in One Generation
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Differences between the WBG and IMF
The World Bank Group The International Monetary
Fund
A source of financing and technical All member countries can benefit from
support only for developing services and resources of the IMF
economies and those countries in
transition
• Addresses long-term challenges • Addresses short terms challenges
• Seeks to integrate countries into • Encourages international monetary
the world economy to improve cooperation and ensures a stable world
sustainable growth and reduce financial system
poverty
• Invests in particular sectors in the
economy of borrowing countries
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Ownership of The World Bank Group
Member countries 187 member countries nominate their
Governors
Board of Governors The Governors delegate specific tasks to the
Board of Directors
The Board of Directors makes decisions on IBRD loans
Board of Directors and IDA credits, and establishes policies that guide the
operation of the institution.
President The President responds to the advice of the Board. He is
responsible for general World Bank Group management.
Staff 10,000 staff in 130 offices around the world
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Voting Shares of the 187 Member
Countries
Saudi Arabia Russia
3% 3%
United Kingdom
4% China
3%
Germany France
5% 4%
Japan
8% Rest of the world
55%
United States
16%
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Representation of Egypt
Governor: His Excellency Dr. Ashraf El-Araby,
Minister of Planning and International Cooperation
Executive Director: Dr. Merza Hussain Hasan (Kuwait)
Alternate Executive Director: Dr. Karim Wissa (Egypt)
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IBRD Instruments
1. Financing
Investment Operations
Program For Results (P4R)
Development Policy Operations
2. Analytical and Advisory Services
Economic and Sector Work
Technical Assistance
Reimbursable Advisory Services
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IFC Instruments
1. Investment Services
Loans
Equity
Trade finance
Syndications
Securitized finance
Risk management
Blended finance
2. Advisory Services
Access to finance
Investment Climate
Sustainable Business
Public-Private Partnerships
3. IFC Asset Management Company
Wholly owned subsidiary of IFC
Private equity fund manager
Invests third-party capital alongside IFC
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MIGA Instruments
1. MIGA political risk insurance guarantees
Mitigate perceived political risks
Support projects with positive development impact
Manage environmental and social risks
Mobilize and complement insurance capacity from other public and
private insurers
Access funding and lower borrowing costs
2. Risks covered
Currency inconvertibility and transfer restriction
Expropriation
War and civil disturbance
Breach of contract
Non-honoring of sovereign financial obligations
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The World Bank Group
Program in Egypt
Current Operations
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Current Portfolio of IBRD Investments
US$ 4.92 billion, including major Trust Funds
25 Projects in the following sectors:
6%
13%
Energy & Environment
45%
Finance & Private Sector
Development (FPD)
18%
Transport
Water & Agriculture
18%
Human Development
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Ongoing IBRD Investment Operations
Sector: Project Name: Amount: Approval:
Energy and Ain Sokhna Power Project $ 600 M 1/29/2009
Giza North Power Project $ 840 M 6/8/2010
Environment Wind Power Development Project $ 70 M 6/15/2010
Helwan South Power Project $ 585 M 6/27/2013
Natural Gas Connections Project $ 75 M 1/24/2008
Second Pollution Abatement Project $ 20 M 3/23/2006
Financial Sector Affordable Mortgage Finance Project $ 300 M 9/24/2009
Enhancing Access to Finance for SMEs $ 300 M 3/9/2010
Promoting Innovation for Inclusive Financial Access $ 300 M 4/1/2014
Transport Railways Restructuring Project $ 600 M 3/17/2009
Cairo Airport Development Project 2 $ 208 M 2/23/2010
Water and Integrated Sewerage and Sanitation Infrastructure Project 1 $ 120 M 3/20/2008
Integrated Sewerage and Sanitation Infrastructure Project 2 $ 200 M 6/30/2011
agriculture National Drainage Project $ 600 M 6/15/2000
Farm Level Irrigation Modernization Project $ 100 M 12/14/2010
Integrated Irrigation Improvement & Management Project $ 120 M 5/3/2005
Social Sectors Early Childhood Education Enhancement Project $ 20 M 2/15/2005
Emergency Labor Intensive Investment Project $ 200 M 6/28/2012
Health Insurance Systems Development $ 75 M 12/22/2009
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IFC Investments
Between FY11-FY14, IFC committed over US$1 billion in 17
projects (of which US$303 million is mobilization). IFC has a
total portfolio of around US$1 billion in 34 projects as of
December 2013, the largest in MENA region.
IFC investments include:
Financial markets, chemicals, oil and gas, agribusiness,
manufacturing and health care sectors.
IFC has a large program of Advisory Activities to complement its
investment program. These include corporate governance,
simplification of business start–up procedures and building
permits, facilitating SMEs, introducing mediation and providing
transaction advice for public-private partnerships (PPPs) in health,
education, and infrastructure.
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MIGA Guarantees
In FY2013, MIGA issued a guarantee for US$150 million,
reinsuring the United States Overseas Private Investment
Corporation’s coverage to Apache Corporation for the
exploration, development and production of crude oil and
natural gas helping the supply of energy keep up with the
growing domestic demand.
Two proposed projects in manufacturing and oil and gas
have been disclosed so far in FY2014.
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