Egypt’s FM Meets EBRD Chief

Egypt’s Minister of Foreign Affairs Badr Abdelatty said on Tuesday that Egypt remains committed to advancing its economic reform programme to achieve sustainable and inclusive growth, during talks in London with Odile Renaud-Basso, president of the European Bank for Reconstruction and Development (EBRD). 

Abdelatty said the government’s reform agenda focuses on strengthening the role of the private sector, maintaining fiscal discipline and improving public debt sustainability.

He also praised the partnership between Egypt and the EBRD, highlighting the bank’s role in supporting the country’s economic development and reform priorities.

The foreign minister pointed to what he described as promising investment opportunities in sectors including renewable energy, telecommunications, information technology, artificial intelligence and electric vehicle manufacturing, calling for a broader EBRD presence in these strategic industries.

The meeting also addressed the economic impact of ongoing military escalation across the region.

Abdelatty said Egypt’s approach to the current challenges is centred on securing energy supplies, strengthening food security, preserving fiscal stability and adopting proactive measures to limit the economic fallout from regional crises.

In turn, Renaud-Basso praised the economic and structural reforms implemented by the Egyptian government, saying they had strengthened fiscal and monetary stability, improved the investment climate and supported economic empowerment and social protection programmes.

She said the Egyptian economy had demonstrated resilience despite heightened regional tensions, supported by structural reforms and a flexible exchange rate system.

Renaud-Basso also commended Egypt’s regional role in addressing shared challenges and promoting sustainable development across the region.