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Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Anna Bjerde, Managing Director of Operations at the World Bank, on the sidelines of the United Nations General Assembly in New York. Badr Abdelatty, Egypt’s Minister of Foreign Affairs, also participated in the meeting.

Both Egyptian ministers expressed appreciation for the strategic partnership between Egypt and the World Bank Group, acknowledging the bank’s support for Egypt’s comprehensive national economic reform program, particularly during this crucial stage of economic development. They highlighted the unprecedented surge in regional and global crises and challenges, which place significant burdens on Egypt’s development path.

They emphasised the need for continued and intensified cooperation between Egypt and the World Bank to support national efforts in continuing economic reforms and achieving comprehensive transformation, ultimately placing Egypt on a sustainable path of inclusive growth.

The meeting focused on future areas of cooperation, particularly encouraging foreign direct investment in Egypt. Al-Mashat highlighted the government’s focus on improving the business environment, supporting the investment climate, and attracting domestic and foreign capital to enhance macroeconomic stability and build a competitive economy.

The meeting also addressed the partnership within the framework of the Development Policy Financing Program (DPF), a key mechanism used by the Ministry of Planning, Economic Development, and International Cooperation to support structural reforms.

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