
President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti on Tuesday said the bank is working on the completion of a joint strategy for cooperation with Egypt.
During a meeting with Prime Minister Sherif Ismail, Chakrabarti added that the strategy would be developed in line with the government's vision and priorities, especially in light of political and economic stability in the country and procedures implemented with regard to economic and legislative reforms.
EBRD president said the bank pays special attention to choosing sectors planned to be included in the strategy, especially improving investment conditions for the private sector, developing agricultural and irrigation systems, promoting financial institutions' capacity to contribute to the economic growth, boosting the use of clean and renewable energy, improving energy efficiency, and implementing transport and metro projects.
The EBRD has invested about 1.7 billion euros in several vital sectors, he added.
For his part, the Egyptian premier hailed international financial institutions' confidence in Egyptian efforts to achieve sustainable development.
Source: MENA
GMT 20:37 2018 Wednesday ,03 January
New Saudi ambassador to Lebanon formally takes chargeGMT 17:50 2018 Wednesday ,03 January
King Salman receives Cypriot presidentGMT 09:39 2018 Wednesday ,03 January
Cabinet briefed on global condemnation of Houthi attempts to target RiyadhGMT 08:17 2018 Wednesday ,03 January
Coastguard Commander receives Swiss Honorary Consul GeneralGMT 07:22 2018 Wednesday ,03 January
King Mohammed VI Congratulates George Weah Following His Election as Liberia’s PresidentGMT 07:12 2018 Wednesday ,03 January
Moroccan Authorities Expel 2 Japanese Professors from Laayoun for ‘Separatism-Related Activities’GMT 07:08 2018 Wednesday ,03 January
Erdogan to Discuss Unrest in Palestine and Syria with Macron in Paris Jan.5GMT 17:44 2017 Wednesday ,27 December
Saudi king holds talks with Turkish prime minister in Riyadh
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor