On the sidelines of her participation in the G20 Development Ministers’ Meeting (DMM) in India, the Minister of Planning and Economic Development Hala El-Said met with the Secretary General of the United Nations Conference on Trade and Development (UNCTAD), Rebecca Grynspan to discuss enhancing cooperation.
According to a statement, El-Said emphasized the importance of the dialogue addressing food security, especially at present, and taking the necessary measures to achieve stability in the global food and fertilizer markets while ensuring the stability of prices in the international supply chain under the prevailing conditions in Russia and Ukraine under the joint goal, “Good Food For All.”
El-Said indicated that her ministry gives great importance to comprehensive national financing.
Highlighting the national financing framework with UNCTAD, El-Said referred to the long history of fruitful cooperation between MPED and UNCTAD and highlighted UNCTAD's report on the measurement of illicit financial flows in Egypt under the Integrated National Financing Framework project, which presented key results and challenges, as well as a set of recommendations and proposed ways to move forward.
The Minister of Planning also drew attention to the announcement of the United Nations Conference on Trade and Development (UNCTAD) declaration that the United Nations Development Account is about to launch a new project to strengthen the statistical capacity of developing countries across the region to measure and reduce illicit financial flows in cooperation with UNCTAD, the United Nations Office on Drugs and Crime and the United Nations Economic and Social Commission of Western Asia.
In turn, UNCTAD Secretary-General expressed her interest in providing technical support to enhance data on foreign direct investment and the private sector in Egypt.
She also invited Dr. Hala El-Said, Minister of Planning and Economic Development, to attend the World Investment Forum in the UAE next October in her capacity as chairperson of the board of directors of The Sovereign Fund of Egypt (TSFE).
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