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Supervisor
Elham AbolFateh
AR
Tuesday 22 August 2017

Egypt

Nasr leads delegation to annual IMF/WB meetings

Wednesday 05/October/2016 - 08:20 PM
Sada El Balad
Minister of International Cooperation Sahar Nasr said the Intergovernmental Group of Twenty-Four (G24) ministerial meeting will be discussing various development challenges facing developing countries as a result of instability in the international economy، slackening of international trade and worsening humanitarian conditions in the Middle Eastern region.

Nasr، who also serves as Egypt's Governor at the World Bank، is heading Egypt's delegation to the G-24 meeting.

During her participation، the minister will discuss the importance of the developed countries' involvement as well as international finance foundations in supporting developing countries in face of current economic challenges.

She will also shed light on the importance of adopting economic policies that would promote stability in the world economy، decrease poverty rates and achieve sustainable and comprehensive development.

The G-24 was established in 1971 by the Group of 77 (G-77) as one of its Chapters، and formally created in 1972.

A semi-annual meeting of the entire membership of the twenty-four countries usually represented by the ministers of financeeconomy or the Central Bank governor of each of the countries. The meeting precedes the Spring and Fall meetings of the International Monetary and Financial Committee (IMFC) and the Development Committee (DC).

The group convenes twice annually on the fringe of WB meetings and it includes Egypt، Algeria، Lebanon، Syria، Cote d'Ivoire، Ethiopia، Nigeria، Gabon، Ghana، South Africa، Congo، Argentina، Brazil، Colombia، Mexico، Peru، Venezuela and others.

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