Second Fiscal Consolidation, Sustainable Energy & Competitiveness DPF (WB-P161228)

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
Active
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 20, 2016
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
Republic of Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
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.
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.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 24, 2017

Disclosed by Bank Oct 11, 2016


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Project Description
The development objective of the Second Fiscal Consolidation, Sustainable Energy Competitiveness Development Policy Financing Project for Egypt is built around three pillars, which are also the program development objectives (PDOs) of the programmatic series. The series focuses on three pillars. First, by enhancing macroeconomic and fiscal stability the operation will help boost investor confidence and free up domestic financing for the private sector and make public resources available for social spending. Second, by creating a more dynamic and commercially oriented energy sector, the operation will improve service delivery and enable a scale-up in private investment. Third, the operation will help improve competition and the regulatory environment for businesses.
Investment Description
  • World Bank (WB)
Contact Information
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