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Egypt to host Arab financial entities’ annual meetings in New Administrative Capital

Egypt is set to host the joint annual meetings of Arab financial authorities, meant to step up collaboration between Arab countries.
14.05.24 | Source: Ahram Online

The event, to be held under the patronage of President Abdel-Fattah El-Sisi, will be attended by heads of Arab financial institutions, Arab ministers of finance and economy, and governors of central banks. Also in attendance will be representatives from regional and international institutions, including the International Monetary Fund, the World Bank Group, and the Islamic Development Bank.

Among the key agenda items are the meetings of the board of governors of the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the Arab Bank for Economic Development in Africa, and the board of shareholders of the Arab Corporation for the Guarantee of Investment and Export Credit,

The gathering also includes the board of governors of the Arab Bank for Economic and Social Development, the Arab Authority for Agricultural Investment and Development, and the Council of Arab Finance Ministers.

The distribution of the Sheikh Abdul-Latif Yousef Al-Hamad Development Award in the Arab World will take place during the event.

Minister of International Cooperation Rania Al-Mashat emphasized Egypt's commitment to providing support and the necessary facilities to ensure the success of the meetings. She underscored Egypt’s dedication to strengthening joint Arab action.

Al-Mashat highlighted the integral partnership between Arab financial institutions and international development counterparts, aimed at bolstering financing mechanisms and technical support for diverse countries.

The meetings serve as a crucial platform for discussing pivotal financial, economic, and development issues at both regional and global levels, she said. They provide an opportunity to evaluate progress, coordinate visions, and fortify regional partnerships to achieve sustainable development goals, Al-Mashat noted.

The annual meetings have gained significant momentum over the years, attracting influential Arab decision-makers. As a leading Arab forum, the meetings facilitate comprehensive discussions on pressing financial and economic matters and strategies for future development plans.