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Elham AbolFateh

Egypt

PM meets IMF First Deputy

Wednesday 23/January/2019 - 10:53 AM
Sada El Balad
Sada ElBalad-Nada Moustafa
Egypt’s Prime Minister، Moustafa Madbouly met David Lipton، First Deputy Managing Director of The International Monetary Fund، on the sidelines of Davos world Economic forum، kicked off yesterday, Tuesday. 

Egypt’s Investment and international Cooperation، and Tourism ministers attended the meeting. 
During the meeting، Lipton praised Egypt’s efforts in implementing Economic reform program، confirming that they reflect the strong political will. 

On the other hand، PM expressed president Al-Sisi appreciation for the existing cooperation between both sides and the successes that have been achieved so far in the Egyptian economy.

Noteworthy، Madbouly on Tuesday asserted Egypt's keenness on fostering cooperation with the European Bank for Reconstruction and Development (EBRD) to serve the development goals in the African continent.

The prime minister made the remarks at a meeting with EBRD President Suma Chakrabarti on the sidelines of the Davos Economic Forum، which kicked off earlier in the day.

The prime minister expressed pleasure that Egypt has become the EBRD's largest country of operations، citing that the volume of the funding offered by the bank to the under-construction projects in the country hit $4.7 billion. 

For his part، the EBRD chief expressed the bank's appreciation for the growing cooperation with Egypt، praising various cooperation fields which are focusing on the sectors serving the Egyptian economy.

Chakrabarti asserted the EBRD's readiness to implement development projects in the African continent، voicing the bank's keenness on holding further consultation with the Egyptian officials on this file to outline an action plan. 

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