Rédaction Africa Links 24 with MENA
Published on 2024-02-06 11:03:27
Egyptian Prime Minister Moustafa Madbouly expressed his appreciation for the strong and prosperous relationship between Egypt and the Islamic Development Bank Group (IDB Group). The two have a long and successful history of collaborating on various joint projects, making the IDB Group one of Egypt’s top development partners and a strategic ally throughout all phases of development. Madbouly commended the group for its unwavering support and funding for projects carried out by the state, emphasizing that the Egyptian government highly values this partnership.
During a meeting with IDB Group Chairman Muhammad Sulaiman Al Jasser, Madbouly discussed ways to further enhance cooperation between Egypt and the bank. The meeting was also attended by Minister of Planning and Economic Development Hala el Said and Egypt’s Governor at the IBD Group, Minister of International Cooperation Rania al Mashaat.
Minister el Said emphasized the importance of continued communication and collaboration with the IDB Group in various cooperation files, which have resulted in the successful implementation of several projects across different sectors. She also highlighted the bank’s role in supporting the private sector, a key partner for the state in various fields.
Minister al Mashaat mentioned several cooperation projects with the IDB in the transportation sector, noting that the bank’s financing of Egyptian projects has helped bridge the funding gap for these initiatives.
The Chairman of the IDB Group praised the support provided to the bank by the Egyptian state, as well as the successful joint mega projects that have been carried out in Egypt.
The partnership between Egypt and the IDB Group has been instrumental in driving various development initiatives and projects, particularly in the transportation sector. The IDB Group’s continuous support and funding have played a crucial role in reducing the funding gap for these projects, ultimately contributing to Egypt’s overall development.
The meeting also highlighted the IDB Group’s support for the private sector, acknowledging its significance as a key partner for the Egyptian government in advancing economic growth and development. This partnership has not only strengthened the country’s infrastructure and economy, but it has also paved the way for further collaboration and mutual success. The ongoing cooperation between Egypt and the IDB Group demonstrates a commitment to sustainable development and prosperity for the country and its people.
In conclusion, the enduring partnership between Egypt and the IDB Group is a testament to the mutual commitment to advancing development and prosperity. The continued collaboration between the two entities has been instrumental in driving various initiatives and projects aimed at enhancing Egypt’s infrastructure and economy. With ongoing support and funding from the IDB Group, Egypt is well-positioned to achieve its development goals and contribute to the overall prosperity of the region.
Read Original article on Egypt Independent
