World Bank Group

The World Bank is a vital source of financial and technical assistance to developing countries around the world. The Bank is made up of five institutions in its group; each institution plays a different but collaborative role to augment the World Bank mandate so as to minimize poverty and improve living standards around the world, the group is made up of the following:

  1. International Bank for Reconstruction and Development (IBRD)
  2. International Development Association (IDA)
  3. International Finance Corporation (IFC)
  4. Multilateral Investment Guarantee Agency (MIGA)
  5. International Centre for Settlement of Investment Disputes (ICSID)

The relation of the World Bank and Egypt
The relation of the World Bank as a partner to Egypt has started ever since the fifties of last century, where it has financed over 100 projects till now with the sum of around 5 Billion Dollars in various sectors including agriculture, irrigation, education, health, etc.
With respect to the agricultural sector, the World Bank has financed several agricultural projects in various such domains as agro industries and storage, land reclamation, agrarian extension support, natural resources management, administrative and technical HR development.
The most significant outcome of the cooperation between the World Bank and the Egyptian Ministry of Agriculture is the participation of the World Bank in the preparation of the Ministry's strategy in the nineties in collaboration with UNDP and FAO, which was accounted as an example to be followed for the strategies of the developing countries for many years. The Ministry has received the consent of Food and Agriculture Organization (FAO), International Fund for Agricultural Development (IFAD) in addition to the World Bank to participate in the preparation of the new strategy (1997 – 2017) which has been completed.
The missions of the World Bank have praised the positive outcomes of WB's projects in the field of agriculture in Egypt, placing such projects in a notable rank among World Bank projects in other countries.
The curve of WB's investments to the Egyptian agricultural sector whether grants or loans has recently been minimized since the exclusion of Egypt from the IDA list of beneficiaries in 1992, which provides credits with service fees of 0.75% less than 1% due to the growth of the per capita income in Egypt as a result of the statistics of the Ministry of Finance.
There are also other reasons with respect to the government policy which has been announced by the Ministry of International Cooperation, that the intention of the government is to rationalize lending and external debts, where lending should only be made for the such sectors that are capable to repay the loans and their encumbrances from their own resources as (transportation, industry, etc.).
List of WB current projects
The WB portfolio includes presently two projects for the agricultural and rural development sector in addition to a grant to control the bird flue as follows:

  1. Agricultural Services in the New Lands of East Delta (by Ministry of Agriculture)
  2. Integrated Rural Development in Suhag (by the Office of Suhag Governorate)
  3. Combating Bird Flue (a grant of around 7 million Dollars)

WB Proposed Projects:
Integrated Development in Upper Egypt Governorates (Assiout, Menia, Beni-Suef, Fayoum)