President Abdel Fattah El Sisi received on Wednesday Philippe Le Houérou, the CEO of the International Finance Corporation (IFC) in the presence of Minister of International Cooperation Sahar Nasr.

President Sisi welcomed Le Houérou and hailed cooperation between Cairo and the international corporations in light of the constructive role they play in funding development projects in Egypt, in cooperation with the private sector in the country, presidential spokesman Alaa Youssef said.

The Egyptian leader, meanwhile, reviewed the national projects carried out in Egypt including the development project in the Suez Canal zone in addition to the measures taken by the government to improve the investment climate and increase competitiveness in the country, Youssef added.

Meanwhile, Sisi briefed Le Houérou on the efforts exerted by the Egyptian government to achieve sustainable development in line with "Egypt's Vision 2030" that is based on economic development, knowledge, innovation and improving environment.

In this regard, Sisi lauded the Egyptians' awareness and understanding of the recent economic measures taken by the government.

For his part, Le Houérou extended his condolences with Sisi over the martyrs of the terrorist attack that targeted El Boutrosiya Coptic Orthodox Church in Abbasiya district.

He voiced full support of the World Bank Group (WBG) and the IFC for Egypt, said the spokesman.

Meanwhile, the international official said that Egypt is the first country he has visited in the region in order to tell investors that the recent economic measures taken by Cairo are true.

On that score, Le Houérou expressed optimism over Egypt's economic future and said those measures have put Egypt on the right track and would attract foreign investments to the country, Youssef noted.

The agenda of the meeting also included discussing means of boosting cooperation between Cairo and the IFC, which is currently in cooperation with the Ministry of International Cooperation and the Suez Canal Economic Zone.

Source: MENA