Al-Mashat Participates in 32nd EBRD Annual Meeting in Uzbekistan

Rania Al-Mashat, the Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD) is participating in the 32nd annual EBRD meeting which is being held in Samarkand, Uzbekistan, under the slogan "Investing in Resilience", held in Central Asia for the first time since 2011.

The annual meetings include the governors of the bank's member states, representatives of the private sector and CEOs of major companies from around the world, businessmen and civil society, as well as representatives of many international financing institutions.

It is scheduled that the Al-Mashat will hold a number of bilateral meetings with the heads of the EBRD to enhance joint work with the bank, stimulate the private sector through development funds, technical support, and investments, and discuss future cooperation to support various development cooperation projects, as H.E. participates in many projects discussion sessions and events.

Egypt has long-standing development cooperation relations with the EBRD, as it is a founding member and has become a full country of operations for the bank since 2012, which has strengthened the bank’s operations and investments in Egypt for the private and government sectors, to exceed €10 billion in 160 projects, where about 75% of these investments were directed to the private sector.

It is worth noting that the ministry launched the joint country strategy with the EBRD for the period 2022-2027, in early 2022, which works to enhance development efforts and stimulate the private sector, through three axes: promoting a more inclusive economy for Egyptian businesses, women and youth, Accelerating Egypt’s green economy transition, and Enhancing the country’s competitiveness by supporting private-sector growth and strengthening governance.