Egypt's PM, JICA chief discuss boosting investment, education ties at TICAD 9    Egyptian pound wavers vs. USD in early trade    SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Al-Mashat in Washington for 2022 Annual Meetings of IMF & World Bank Group
Egypt, WBG share development cooperation portfolio of 14 ongoing projects worth $6.8bn, as well as 23 projects with technical support, consultancy
Published in Daily News Egypt on 10 - 10 - 2022

Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group (WBG), has arrived in Washington for the 2022 Annual Meetings of the International Monetary Fund (IMF) and the WBG, to be held from 10 to 16 October, under the theme "Unity in a Time of Crises".
The IMF and WBG 2022 Annual Meetings are being held at a challenging time as the global economy is witnessing the repercussions of many successive crises including the COVID-19 pandemic, the Russian-Ukrainian War, disruptions in supply chains, and increased food and energy prices worldwide. The 2022 Annual Meetings will look into the overlapping crises facing development efforts, working towards resilience and the ability to mitigate shocks from future challenges.
Within the framework of development cooperation with the WBG, and as one of Egypt's largest multilateral development partners, Al-Mashat will be participating in a variety of events on accelerating the Sustainable Development Goals (SDGs), and enhancing efforts towards the green transition, especially ahead of COP27 in Sharm El-Sheikh.
Some of the minister's activities will include the Intergovernmental G24 Ministers and Governors Annual Meeting; the Global Food Security Symposium organized by Citibank in cooperation with George Washington University and the Elliott School of International Affairs; and the World Economic Forum's Digital Payments Executive Roundtable. Moreover, Al-Mashat will participate in several events organized by the development partners and private sector such as, the International Finance Corporation (IFC), the European Investment Bank (EIB), Amazon Web Services, and the Rockefeller Foundation, as well as being a speaker in the IMF's "Promoting Inclusive Growth in the Middle East and North Africa: Challenges and Opportunities in a Post-Pandemic World."
While in Washington, Al-Mashat will also hold several bilateral meetings with Sergio Pimenta, the IFC's Regional Vice President for Africa; Jurgen Voegele, the WBG's Vice President for Sustainable Development Practice Group; Minister Azucena Arbeleche, Uruguay's Minister of Economy and Finance; Gelsomina Vigliotty , European Investment Bank (EIB) Vice President for Mashreq Region; Junaid Kamal Ahmad, the Vice President for Operations of the Multilateral Investment Guarantee Agency (MIGA); and Badr Mohamed El Saad, the Director General and Chairperson of the Arab Fund for Economic and Social Development (AFESD).
Egypt and the WBG share a development cooperation portfolio of 14 ongoing projects worth $6.8 billion, as well as 23 projects with technical support and consultancy.
Recently, The Ministry of International Cooperation announced the approval of a $400 million development financing agreement to develop sustainable infrastructure in the transport sector in Egypt, supporting the transition towards low-carbon transport along the Alexandria–the 6th of October–Greater Cairo Area (GCA) railway corridor, as well as $500m for food security.
Last June, a high-level delegation from the Board of Executive Directors of the World Bank Group visited Cairo, and a statement was issued by the Bank, during which the World Bank Group's commitment to continue supporting development priorities in Egypt was issued.


Clic here to read the story from its source.