AOI, Dassault sign new partnership to advance defense industrial cooperation    Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030    Egypt discusses rehabilitating Iraqi factories, supplying defence equipment at EDEX 2025    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt begins training Palestinian police as pressure mounts to accelerate Gaza reconstruction    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Health Minister leads high-level meeting to safeguard medicine, medical supply chains    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt launches digital guide for old tenant law tenants applying for alternative housing    Egyptian pound vs. dollar in Tuesday early trade    Egypt's FM touts investment reforms to German firms at Berlin business forum    US Embassy marks 70th anniversary of American Center Cairo    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt champions African cause at IMF-World Bank spring meetings
Additional African seat at both G20 and IMF Board of Governors among Egyptian finance minister's demands at sideline meeting of C10 group in Washington on Thursday
Ahram Online Published in Ahram Online on 11 - 04 - 2014

Egypt's finance minister, Hany Kadry Dimian, has called for Africa to be represented in the Group of 20 in Washington DC, the Ministry of Finance said in a press statement on Thursday.
Established in 1999, the G20 has assumed an increasingly active role on global economic issues since the global economic crisis of 2008. South Africa is its only African member.
Speaking at a meeting of the Committee of Ten countries on the sidelines of the IMF-World Bank spring meetings on Thursday, the minister also called for an additional seat for Africa on the IMF's Board of Governors.
The Committee of Ten African Ministers of Finance and Central Bank Governors (the C10) was created in 2008 and includes Algeria, Botswana, Cameroon, Egypt, Kenya, Nigeria, South Africa, Tanzania, the Central Bank of West African States (CBWAS), and the Central Bank of Central African States (CBCAS).
Its founding objectives include advocating enhanced African participation in the governance of international financial institutions and developing a clear strategy for Africa's engagement with the G20.
C10 discussions revealed that global financial issues and weakening emerging market demand led the average growth rate for African economies to shrink from 6.8 percent in 2012 to 3.7 percent in 2013.
The African Development Bank Group estimates that growth rates will rise to 4.8 percent during the current year and reach 5.8 percent in 2015 due to the expected growth in demand and increased foreign investment on the continent.
Governments present agreed on the importance of adopting cautious policies to stimulate economic and financial growth in Africa.
The minister is also expected to meet with the Group of 24, currently chaired by Egypt, as well as high-ranking official from the World Bank during his trip.
This year's spring meetings, which began last Monday, are due to conclude on Sunday.
http://english.ahram.org.eg/News/98826.aspx

Clic here to read the story from its source.