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Egypt, WB review FDI, industrial development strategies
Published in Amwal Al Ghad on 03 - 09 - 2024

div class="content user-select-text" tabindex="0" aria-description="" aria-label="Sent by Copilot: **EU Allocates €1.3 Million to WHO Europe for Nurse Retention** The European Union has signed a €1.3 million agreement with the WHO Regional Office for Europe (WHO Europe) to help retain nurses and make the profession more attractive. Funded by the EU4Health programme, this 36-month initiative will focus on countries with significant nurse shortages. Stella Kyriakides, Commissioner for Health and Food Safety, highlighted the importance of nurses, stating, "Nurses are the backbone of our health systems and are critical in ensuring that patients receive high-quality, professional care when they need it." The funding will support recruitment action plans, mentoring programmes, workforce impact assessments, and training opportunities. These efforts aim to address structural shortages, improve nurse wellbeing, and leverage digital transformation in healthcare. The initiative will be tailored to national and sub-national needs through cooperation with Member States, nurses' organisations, and social partners. --- Would you like more details on any specific aspect of this initiative?"
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Egypt's Minister of Planning and Economic Development, Rania Al-Mashat, met on Monday with Stephen Jimbart, the World Bank's Regional Director for Egypt, Yemen, and Djibouti, and his team.
The meeting focused on advancing Egypt's strategy for foreign direct investment (FDI), industrial development, and trade enhancement.
Al-Mashat emphasised the government's commitment to boosting both domestic and foreign investments, with a particular focus on creating a clear vision for FDI and improving the investment environment in Egypt.
The discussion also covered the preparation of Egypt's industrial development strategy and trade enhancement in collaboration with international partners, including the UN Industrial Development Organisation and the German Development Cooperation Agency.
Additionally, the meeting addressed efforts to strengthen human capital investment through the "Bidaya" initiative, aimed at enhancing skills and building Egyptian human resources.
Furthermore, the Minister and World Bank officials discussed preparations for the COP29 climate conference and the implementation of recommendations from the Climate and Development Report (CCDR).
They reviewed ongoing projects such as InfraSAP, which supports green infrastructure investments, and the development of Sharm El-Sheikh Guide to Fair Finance.
The meeting concluded with a focus on policy financing to support structural reforms, enhance economic competitiveness, and advance green transformation.
Attribution: The Egyptian Cabinet
Subediting: M. S. Salama


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