During a meeting of the G20 finance ministers and central bank governors in Washington, Minister of Finance Mohamed Maait reported that 12 African countries have so far joined the initiative that was launched by the G20 in 2017 to back African reforms.
Maait confirmed the importance of Egypt’s ongoing efforts to support the G20 Compact with Africa (CwA), given its chairmanship of the African Union.
Minister of Finance Mohamed Maait
Meanwhile, he explained that the CwA has seen promising results as regards the conformity of African nations’ reform agendas with the initiative’s guiding principles, which depend on attracting more foreign investments to Africa, particularly in key sectors.
He refered that Cairo seeks to lead Africa to a prosperous future via cooperation with various African Union’s member states.