Egypt

The Middle East has a “real opportunity to reach a superior level of economic development,” World Bank Vice President for the Middle East and North Africa, Daniela Gressani said on the sidelines of the International Youth Forum in Sharm el-Sheikh. She said more than 25 percent of the population is now between 12 and 24 years and they are “the healthiest, most educated and best prepared generation.” Gressani said Bank programs designed for the region have had a very positive impact and have led to an increase in private investment and economic growth. “This region, and Egypt is an example, has taken very important steps in liberalization, increasing private sector initiatives and increasing competition.” (EFE)