First Fiscal Consolidation, Sustainable Energy and Competitiveness DPF (WB-P157704)

Countries
  • Egypt
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
Canceled
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 17, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ARAB REPUBLIC OF EGYPT
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2015-12-17 exchange rate.
Project Cost (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2015-12-17 exchange rate.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 27, 2017

Disclosed by Bank Nov 4, 2015


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project funds various structural economic and governmental reforms in Egypt. Specifically, the funds will go towards improving government revenue collection and reducing expenditures, reducing regulations and barriers surrounding the growth of the private sector, increasing governmental transparency and accountability, and various measures aimed at helping small and medium sized enterprises.
Investment Description
  • World Bank (WB)
Contact Information
World Bank: Contact: Ashish Khanna Title: Lead Energy Specialist Tel: +20-2 2574-1670/1516 Email: akhanna2@worldbank.org Location: Cairo, Egypt (IBRD) Contact: Ahmed Kouchouk Title: Senior Economist Tel: +20-2 2574-1670/1517 Email: akouchouk@worldbank.org Location: Cairo, Egypt (IBRD) Borrower: Contact: Dr Sahar Nasr Title: Minister of International Cooperation Email: snasr@moic.gov.eg ACCOUNTABILITY MECHANISM OF 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.