Egypt's FM Stresses EBRD’s Role in Supporting Egypt’s Development Goals

Foreign Minister Badr Abdelatty stressed the importance of the European Bank for Reconstruction and Development (EBRD) in supporting Egypt’s development priorities and economic reform agenda, noting that Egypt has become one of the bank’s largest countries of operation in the region.

The remarks came during a meeting with Matteo Patrone, EBRD Vice President for Banking and member of the bank’s Executive Committee, on the sidelines of the EBRD Annual Meeting.

Abdelatty praised the long-standing partnership between Egypt and the EBRD and expressed hope for expanding cooperation in areas that support sustainable development and economic growth.

The minister reaffirmed Egypt’s commitment to a private sector-led growth model through broader public-private partnerships and increased investment opportunities in renewable energy, industry, infrastructure, digital transformation, and financial services.

The meeting also addressed the economic impact of regional developments. Abdelatty said the Egyptian economy has demonstrated resilience in the face of external challenges, supported by economic and structural reforms, including the adoption of a flexible exchange rate system.

For his part, Patrone praised Egypt’s economic progress and the government's continued efforts to improve the business environment and strengthen competitiveness.