Egypt keen on continuing consultation with int'l financial institutions, says Sisi

CAIRO, 3 September 2019: President Abdel Fattah El Sisi reiterated on Tuesday his keenness on maintaining consultation with senior officials of international financial institutions to support economic development in Egypt.

During a meeting with Chief Executive of the World Bank Kristalina Georgieva, the president said that consultations with international financial institutions are necessary to support Egypt's economic development plans, which he said represent a strategic approach to achieve sustainable economic development, presidential spokesman Bassam Rady said.

Sisi also thanked Georgieva for her keenness to meet the Egyptian government as part of her efforts to mobilize support for her nomination for the post of the managing director of the International Monetary Fund (IMF).

The president stressed Egypt's keenness on supporting policies of international financial institutions to achieve comprehensive economic growth in Africa through the establishment of development projects, especially in the areas of electricity and transportation.

Georgieva, for her part, said that she was keen to start from Egypt her foreign tour to mobilize support for her nomination for the IMF post.

She also valued the successful economic development program implemented by Egypt over the past three years, which she said contributed to higher economic growth rates.

Georgieva also expressed her desire to continue consultation with Egypt to support economic development in Africa, especially in the fields of infrastructure and education.

The meeting was attended by Governor of the Central Bank of Egypt Tareq Amer and Investment and International Cooperation Minister Sahar Nasr.