Dr. Rania El-Mashat, Minister of Planning, Economic Development, and International Cooperation, highlighted the substantial progress in the partnership between Egypt and the World Economic Forum (WEF) over recent years. Speaking during a meeting with WEF President Borge Brende at the forum’s Tianjin, China gathering, El-Mashat emphasized Egypt’s focus on leveraging this partnership to implement economic and structural reforms aimed at transforming the economy toward tradable and export-oriented sectors.
El-Mashat noted the importance of the forum’s meetings amid global and regional economic challenges, underscoring the need for innovative solutions through collaboration with the WEF. She referenced President Abdel Fattah El-Sisi’s meeting with the WEF chief last November, which highlighted the strategic nature of the partnership. El-Mashat also outlined Egypt’s ongoing efforts to stabilize and strengthen its economy, attract investments, and execute reforms to achieve sustainable growth led by the private sector.
The minister presented a report titled “Development Financing to Empower the Private Sector: Economic Growth and Employment,” reflecting the pivotal role of international partnerships in enabling Egypt’s private sector with over $15.6 billion in financing since 2020. Brende praised Egypt’s economic reform efforts and its commitment to macroeconomic stability.
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“El-Mashat: Significant Progress in Partnership Between Egypt and World Economic Forum”
The minister highlighted the progress in Egypt’s partnership with the WEF during meetings in Tianjin, China. She discussed ongoing reforms to stabilize the economy and attract investments, referencing President El-Sisi’s meeting with the WEF last November. El-Mashat presented a report on empowering the private sector with over $15.6 billion in financing since 2020. Brende expressed appreciation for Egypt’s economic reform efforts.