World Bank to fund new projects in Egypt

A key World Bank official yesterday lauded Egypt's economic performance, saying it had seen a significant growth over the past two years.

In remarks to reporters upon arrival in Cairo from Sanaa, Kamal Darwish, the World Bank vice president for Middle East affairs, signaled the institution's readiness to help fund new projects in Egypt so as to help speed the economic growth rate, Al Akhbar daily said today.

Egypt has been carrying out economic reform program with privatization and deregulation leading the way.