The World Bank (WB), an international financial institution that provides loans to countries for capital projects, has been setting a keen eye on the progress that Egypt has been achieving recently.
According to a statement that they issued around a month ago; Egypt will be witnessing a 5.6% growth in the fiscal year 2018-2019. The statement is supported by private consumption, a recovery in the tourism sector, and the beginning of operations of recently discovered gas fields.
But just today, 29th of October, the World Bank stated that they are confident that Egypt will be able to accomplish the goals of the 2030 development strategy plan they have set, adding that even though the strategy is “ambitious”, it is still “applicable”.
Mahmoud Mohieldin, the World Bank Group Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships said in a statement that Egypt’s strongest suit is in Information Technology adding, “Egypt has great human resources as more than third of the Egyptian population is under 30 and this means that they can easily learn and deal with up-to-date technology”