Egypt's Minister of International Cooperation Rania A. Al-Mashat participated in the CI Capital’s 7th Annual MENA Investor Conference, according to a statement issued on Jan. 30.
During the session, Al-Mashat discussed the role of international partnerships in stimulating private sector participation in development.
Al-Mashat said that the ministry works with all multilateral and bilateral development partners, with the exception of the International Monetary Fund (IMF), in order to strengthen economic relations and open horizons for partnerships, whether with government entities or the private sector.
She also noted that concessional development finance plays a role in supporting development efforts and in stimulating participation of the private sector. Hence, the Egyptian private sector, across several fields, has fruitful relations with development partners and international financing institutions.
Moreover, Al-Mashat indicated that the Ministry of International Cooperation is working to ensure that the country's priorities, strategies and objectives, as well as providing more opportunities for the private sector are included in action plans with development partners, through multi-stakeholder platforms.
The minister also noted that despite the competition between nations to obtain financing from MDBs and IFIs, Egypt has set a precedence in terms of clarity and credibility in presenting projects transparently, all in line with the UN SDGs.
The event featured appearances by the Prime Minister Mostafa Madbouly, as well as the Ministers of Planning, Finance, and the Public Business Sector, as well as a group of investors, investment banks, private sector companies and CEOs from Egypt and the MENA region.
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