World Bank extends country partnership framework with Egypt to 2021

The World Bank extending its country partnership framework (CPF) with Egypt to 2021 stole the show on the airwaves last night. Al Hayah Al Youm’s Lobna Assal pointed out the significance of the move in light of Egypt’s economic reform program (watch, runtime: 03:05). The decision to extend followed an official review by the group and will focus on efforts towards inclusive growth, job creation and support for the private sector.

Economist Fakhry El Fiky praised the decision to extend the CPF, explaining that the group’s funding will be focused on infrastructure and social projects (watch, runtime: 6:33). We have more on the decision in this morning’s Diplomacy + Foreign Trade section, below.