Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, met Ms. Alexia Latortue, Assistant Secretary of the US Treasury for International Trade and Development, as part of her participation in the Spring Meetings of the World Bank and the International Monetary Fund 2023, in Washington, DC.
The meeting discussed details related to the American vision on the mechanisms of developing the World Bank Group and maximizing the role of development cooperation in supporting developing countries and emerging economies. The reforms being discussed should reflect the demands of developing countries, especially middle-income and less developed countries, in order to strengthen efforts to withstand the complex challenges facing the global economy and its impact on the economies of the region and the African continent. The meeting also dealt with ways of cooperation in the field of climate action and achieving fair financing.
In a separate context, the two sides discussed the ongoing measures to implement the national platform for green projects, the “Novi” program, which enhances the country’s efforts in the field of green transformation, under the umbrella of the National Strategy for Climate Change 2050, and the mechanisms for implementing the joint political declaration issued by Egypt, the United States of America and Germany during the COP27 climate conference. , to support the energy axis within the program.
Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, is participating in the spring meetings of the World Bank and the International Monetary Fund, which are held under the slogan “The Way to the Future: Building Resilience and Reshaping Development,” with the participation of central bank governors and finance ministers. development, senior officials from the private sector, and representatives from civil society organizations and academia, to discuss issues of global concern.