Upper Egypt Local Development PforR (WB-P157395)

  • Egypt
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 29, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Republic of Egypt
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 12, 2017

Disclosed by Bank Jan 29, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The development objective of the Local Development Program-for-Results Project for Egypt is to improve the business environment for private sector development and strengthen local government capacity for quality infrastructure and service delivery in select governorates in Upper Egypt. The lack of opportunities for sustainable jobs and growth continue to be significant challenges for the Arab Republic of Egypt. These challenges strongly manifest themselves in Upper Egypt, a grouping of tengovernorates that lag significantly behind the rest of the country in economic growth,employment generation, connectivity, and access to services. Three key constraints, in particular, contribute to weak economic activity in Upper Egypt and relatively low level of private investment: (a) limited empowerment, effectiveness,and accountability of subnational governorates; (b) continuing low levels of access and quality ofinfrastructure and services for both citizens and businesses; and (c) weak investment climate andthe weakness of economic factors supporting value chain development. The first critical constraint to private-sector-led economic growth in Upper Egypt islimited empowerment, accountability, and effectiveness at the governorate and district level. The second constraint is a relatively low level of access and poor quality ofinfrastructure and services for residents as well as firms. The third key constraint to private-sector-led growth in Upper Egypt is the weakinvestment and business climate, with business owners citing obstacles and delays in obtaining licenses, permits, and serviced land. The Government of Eqypt (GOE) has recognized the need for a differentiated strategy for lagging regions and views an integrated approach to private-sector-driven local development as the bestway to reduce poverty in lagging regions like Upper Egypt.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Project Contacts World Bank Group Contact: Mehmet Onur Ozlu Title: Senior Economist Tel: 202 458 8728 Email: oozlu@worldbank.org Contact: Sherif Bahig Hamdy Title: Senior Operations Email: SHamdy@ifc.org Borrower/Client/Recipient Contact: Government of Egypt - Mr. Hisham El Halbawy Title: Ministry of Local Development (MOLD) Contact: Ministry of Trade and Industry - Mr. Ahmed Taha Title: Chief Executive Officer, IMC Accountability Mechanism of the World Bank The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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How it works