Egyptian PM confident in Arab gov’ts to conquer current economic challenges – Economics – 22/05/2024 – Kuwait News Agency

Egyptian PM confident in Arab gov’ts to conquer current economic challenges – Economics – 22/05/2024 – Kuwait News Agency

CAIRO, May 22 (KUNA) -- Egyptian Prime Minister Dr. Mostafa Madbouly expressed confidence in Arab governments' ability to overcome current challenges and meet the aspirations of their people through necessary economic reforms.

This statement was made during his speech Wednesday at the opening of the 2024 joint annual meetings of Arab financial institutions, held in the New Administrative Capital, under the patronage of Egyptian President Abdel Fattah Al-Sisi.

Egypt's hosting of these meetings demonstrates its commitment to supporting Arab integration efforts, a goal pursued across generations despite regional challenges, Dr. Madbouly said.

The meetings are significant against the backdrop of recent regional and international developments, especially the war in the Gaza Strip and its impacts on Arab countries, he noted.

He commended Arab financial entities for their support over the past years, which has been crucial for Egypt's major development projects.

Madbouly called for increased efforts from Arab financial institutions amid growing regional and global challenges, especially by supporting its ability to increase its exports and enhance intra-Arab trade.

He underscored Egypt's economic reforms aimed at enhancing resilience, notably through private sector engagement and economic stability measures, along with increasing its ability to achieve development goals, especially within the framework of Egypt Vision 2030.

He underlined that