Equal Access and Simplified Environment for Investment Project - Phase II (WB-P169157)

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
Proposed
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
Jan 21, 2019
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
Government of Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 1.75 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 Feb 13, 2019

Disclosed by Bank Oct 12, 2018


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Project Description

According to bank documents, the objective of the project is to improve the regulatory environment for investors through simplified licensing and transparent industrial land allocation processes.

The Additional Financing (AF) will scale-up activities being implemented under the Component 1 “Facilitating Accessible and Transparent Investor Services (GAFI)” of the parent project. The AF remains fully aligned with the Country Partnership Framework (CPF) and Systematic Country Diagnostic (SCD) overarching goals of promoting
a private sector led job creation agenda and inclusive growth. The details of activities to be supported through this AF are described below:

  1. Activity 1: Supporting the Role of Investor Service Center (ISC) as the National Platform for Business Registration The AF aims to strengthen GAFI’s role, in line with the new Investment Law, as the main business entry point for all sorts of companies and the “one window” for providing certain licensing and permits activities to investors. This requires the development of a comprehensive and functional digital system to mainstream business procedures, connect the central and subnational levels, facilitate easy access to the system in all geographical areas and adopt international successful practices in provision of government services.
  2. Activity 2: Expanding Digital Transformation in GAFI The parent project assists GAFI in establishing an online portal and in providing electronic services to investors
    through the Investors Service Center. Further developments are needed to efficiently manage investment data, expand investors’ online services and connect affiliate entities to the digital network, which will be supported through the AF.
  3. Activity 3: Sustaining Reforms through Enhancing Human and Organizational Capacities The AF will support the sustainability of reform outcomes through a comprehensive strategy targeting organizational and human competencies. This will be guided by international successful practices in improving managing institutional change, as well as the lessons learnt from the parent project capacity building activities that emphasize the value of developing a strategic approach to strengthening human capacities.
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Andrei Mikhnev
Head

Borrower:
Ministry of International Cooperation and Investment/General Authority for Investment
Sahar Nasr
Minister
snasr@moic.gov.eg

Industrial Development Authority
Eng. Ahmed Abdel Razek
Chairman
ahmed.abdelrazek@ida.gov.eg

Implementing Agency:
General Authority for Investment and Free Zones

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.