Spring Meetings
The newly launched “Global Collaborative Co-Financing Platform” aims to channel additional capital, broaden the scope and impact of development, mobilize funds for large-scale projects, and alleviate the burdens faced by beneficiary nations
This strategy aims to extend the life of debt and minimize its burden and cost
Minister Maait emphasized the importance of international financial institutions in providing sustainable funding to developing economies.
Al-Mashat highlighted the potential of debt swaps to enhance countries' fiscal capacity, enabling them to expand investments in climate action
Al-Mashat called for a focus on supporting project structuring and bankability and addressed the G24 Governors
The Minister also discussed topics including the development policy financing program, cooperation in various fields such as attracting foreign investment and promoting industrial development, and support for social protection initiatives
The Egyptian Minister is scheduled to speak at a number of events and discussion sessions, and to hold a number of bilateral meetings with multilateral and bilateral development partners.
Ferid Belhaj who took up the position of the World Bank Group vice president for Middle East and North Africa on July 1, 2018, explained to Egypt Today the additional pillars to the plan thoroughly.
Garhy added that the unemployment rate decreased from 13.5 percent in December 2017 to 11.3 percent in March 2018.
The 2018 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) will be convened in Washington, DC, from April 20 to April 22.
