Egypt to host annual joint meetings of Arab financial institutions in 2024

"The government is keen on providing a suitable environment for holding these meetings based on the experience of organising international conferences, including Egypt's hosting and presidency of the United Nations Framework Convention on Climate Change COP27 in Sharm El-Sheikh," El-Mashat stated.

"The annual meetings of the joint Arab financial institutions represent an important platform for consultation, exchanging views and experiences, evaluating achievements and enhancing their role in laying the foundations for Arab economic integration and joint action," the minister added.

She also pointed out that these meetings act as a driving force in advancing the Arab financial institutions' mission to support sustainable development efforts in Arab countries.

Egypt made one of the highest contributions to the Arab Fund for Economic and Social Development, valued at 183.2 million Kuwaiti dinars.

Egypt also contributed US$20 million to the special account for financing small and medium-sized private sector projects in Arab countries and 1.9 million Kuwaiti dinars to the Arab Investment Guarantee Corporation.