World Bank’s President praises Egypt’s efforts in fighting COVID-19
Friday, 10 16 2020, Category: Health, Country: Egypt
President of the World Bank Group (WBG) David Malpass lauded Egypt’s efforts in combating the COVID-19 pandemic, including the EGP100 billion allocation that was appropriated to strengthen the health sector, and finance a comprehensive economic recovery plan to offset the repercussions that will result from the precautionary measures taken.
Malpass made his statements during the Human Capital Project Ministerial Conclave that was held on Saturady, virtually, on investing in human capital in the time of COVID-19; the conclave being a part of the International Monetary Fund (IMF) and WBG introductory events that are held before the official launch of their annual meetings on Monday.
Egypt’s Minister of International Cooperation and Governor of Egypt at the WBG Rania Al-Mashat, represented Egypt in the meeting.
The conclave brought together ministers of finance and planning from 78 countries who are participants in the WBG’s human capital project to share experiences, mobilise and safeguard resources in order to protect and invest in people amid the pandemic, and adopt innovative solutions for better and more equitable human capital outcomes.
Minister Al-Mashat stated that Egypt has put investment in human capital as a top priority, as evidenced by its three-pronged approach: increase in allocation for health and social spending; ensure continued provision of critical social protection; and review social spending to assess efficiency and look for areas of improvement.