Arab Financial Institutions, Egypt: strengthened partnership for development – Egypt Today

Arab Financial Institutions, Egypt: strengthened partnership for development – Egypt Today

In a significant move, the annual joint meetings of Arab financial organizations kicked off today in Egypt's New Administrative Capital. 

 

The inauguration was in the presence of Prime Minister Mostafa Madbouly, Minister of International Cooperation Rania Al-Mashat, and the Finance Minister of Qatar, Ali Ahmed Al-Kuwari. These meetings underscore Egypt's unwavering commitment to enhancing cooperation and fostering further development with all Arab countries. 

 

Prime Minister Madbouly commended the Arab financial institutions for their steadfast support of Egypt in recent years, which has contributed to the financing of major development projects in the country.

 

Strengthening the Role of the Private Sector

 

Recognizing the importance of private sector involvement, the Prime Minister stressed that the

Egyptian government is working to support the private sector and increase its contribution to more than 65 percent of the state's total investments in the coming years.

 

Minister of International Cooperation, Rania Al-Mashat highlighted the collaborative model between Egypt and Arab financial institutions, which have actively supported the country's developmental goals in multiple domains.

 

She pointed to the South Helwan Electricity Power Station project, funded by the Arab Fund for Economic and Social Development, as a prominent example of this partnership.

 

Addressing Regional Challenges

 

Qatar's Finance Minister, Ali Ahmed Al-Kuwari, underscored the crucial role of Arab