World Bank Group extends Egypt’s Country Partnership Framework to 2021

The World Bank Group (WBG) has decided to extend its Country Partnership Framework (CPF) with Egypt for an additional two years to end in 2021, according to an Investment and International Cooperation Ministry statement (pdf). The CPF, which originally covered 2015-2019, includes a total of USD 8 bn of WBG financing — USD 6 bn of which was allocated from the International Bank for Reconstruction and Development, and the rest from the International Finance Corporation. The extension will see the CPF focus on creating jobs for women and the youth, in addition to investing in human resources in the health and education sectors, the statement says.