Trump’s nominee for World Bank’s next boss pledges support for Egypt: David Malpass, the US’ nominee to head the World Bank, said the group will increase its support for Egypt’s infrastructure, transportation and SME sectors after he officially takes office, according to an Investment Ministry statement. Malpass also reaffirmed the group’s commitment to backing Egypt’s reform program in a meeting with Investment Minister Sahar Nasr and Housing Minister Assem El Gazzar in Washington yesterday.

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