Infrastructure projects will drive global post-Covid recovery: Minister Al-Mashat

SectorReal Estate

Post-Covid-19 recovery will be infrastructure-led, adding to long-term transformation of the economy due to its immense potential for job creation and helping the most vulnerable in society to be more resilient to future shocks, Minister of International Cooperation and Governor of Egypt at the World Bank Rania Al-Mashat has said. Al-Mashat made her comments during her participation in the "Global Economic Prospects" session as part of the International Monetary Fund (IMF) and World Bank Group annual meetings, which focused on the impacts of Covid-19 on regional economies as well as the most recent economic indicators. According to World Bank data, renewable energy projects ensure greater long-term job creation than fossil fuel projects and are also cost competitive. Additionally, the International Renewable Energy Agency estimates that investment in renewable more...