PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605391

Primary Business Area

Other

Disclosure Date

Aug 29, 2022

Country

Egypt, Arab Republic of

Region

Africa

IFC Approval Date

Feb 1, 2021

Status

Active

Estimated Total Budget

$1,669,975.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 31, 2022

Project Estimated Start Date

Oct 1, 2020

Project Estimated End Date

Sep 30, 2023

Project Description

The project’s goal will be achieved via the implementation of targeted reforms aiming at the improvement of the alignment of Egypt’s trade facilitation practices with the World Trade Organization (WTO) Trade Facilitation Agreement (TFA). The project will focus on assisting the government of Egypt to implement priority trade facilitation activities, clustered around several interrelated thematic areas: (1) Regulatory and Procedural Improvements: This component will address the key regulatory and procedural gaps related to export and import cross border processes. This should result in a more streamlined and simplified cross border process and aligned and coordinated risk-based management practice. (2) Institutional Development and active private sector engagement: This component will help in establishing a more coordinated institutional work between the relevant government stakeholders- represented in the National Trade Facilitation Committee (NTFC). (3) Increased Transparency and Predictability of regulatory requirements for traders: The activities under this component aim at availing updated comprehensive information to all stakeholders, to facilitate their business activities, and enable them to comply with regulatory requirements associated with the import and export of goods. This shall help improve the investment climate for the private sector by enhancing transparency, improving efficiency and lowering costs in the external trade system. Government entities and cross-border agencies will benefit from the improved regulatory framework, and the implementation of more efficient practices. The foreseen impact of the project is to minimize the burden on the private sector, strengthen the quality and efficiency of external trade regulatory and procedural ecosystem and improve predictability in the business environment.

Development Results

E&S Risks / Impacts and Mitigation