This honor came as the media team represents the host country for the annual meetings of the Bank Group, which was held in Sharm El-Sheikh from 1-4 June under the auspices of President Abdel Fattah El-Sisi.
The 2nd edition of Egypt International Cooperation forum (Egypt-ICF) is planned to set a unified vision for the green transition ahead of the United Nations Climate change Conference (COP27) scheduled this November, Egyptian Minister of International Cooperation Rania el Mashat said Saturday.
Madbouli made the remarks during a speech at the annual meetings of the Islamic Development Bank (IsDB) Group in Sharm El-Sheikh.
This comes especially if the bank allocated in the future a funding for programs that aim at dealing with the challenges posed by the Russia-Ukraine crisis, Madbouli said in a meeting with IsDB President Muhammad Al Jasser on Thursday, a statement by the Cabinet said.
The three-day forum will review the opportunities and challenges facing the business sector such as export credit.
The new headquarter joins a series of branches of the group spread in several countries around the world, which work to support the sustainable development goals because of its experience of more than forty-five years, touching the lives of 1 in 5 of the world’s population, according to a statement.
Egypt’s strategic development partnership with the Islamic development Bank (IsDB) exceeds $17 billion, including the implementation of about 367 projects in Egypt.
Egypt is hosting the annual meetings of the Islamic Development Bank Group (IsDB Group) in Sharm El Sheikh on June 1-4.
Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.
The meetings are set to be held in the Red Sea resort city of Sharm el Sheikh.
According to the Ministry, the IsDB’s financing portfolio covers 344 projects across several sectors, including electricity, energy, agriculture, irrigation, education, health, industry, mining, information and communications.
Planning and Economic Development Minister Hala el Saeed left for Tashkent, Uzbekistan, to take part in the 2021 Group Annual Meetings of the Islamic Development Bank (IsDB) that will run till September 4.
The funds were received in the period between August 2018 and December 2020, said Planning Minister Hala el Saeid in a statement Tuesday.
In a press statement, Saeed lauded measures taken by the bank to combat the novel coronavirus through providing urgent aid for member states and Muslim communities in non-member states.
The cooperation between Egypt and the bank falls within the framework of a three-billion-dollar strategics partnership deal effective till 2021.
These investments included up to $75 million in the food industry and $75 million in the renewable energy in Benban Power Station.
The first report recommends scrapping an agreement signed in 2013 between the government and the ISDB to purchase equipment for building Al Azhar Educational Hospital.
Governors of the Islamic Development Bank Group underlined the importance of launching the second stage of the Aid for Trade Initiative for the Arab States.