Egypt participates in World Bank and International Monetary Fund meetings to support sustainable development

In light of the rapid transformations taking place in theglobal economyand the increasing reliance on international partnerships as a major tool for advancing development paths, exchanging experiences, attracting investments, and enhancing multilateral cooperation. Egypt is paying increasing attention to expanding its presence in these events, which reflects its openness to international partners and its endeavor to enhance its regional and international role in various economic files.

This trend comes within the framework of a more comprehensive strategy aimed at creating an attractive investment environment, supporting economic reform efforts, and expanding the base of partnerships with international financial institutions and the global private sector. Through these participations, the state also seeks to enhance foreign investment flows and boost economic growth rates, in order to achieve Sustainable Development Goals (SDGs) and consolidate Egypt’s position as a promising regional center for investment.

Enhancing economic and investment cooperation

In this context, Dr. Badr Abdel Aty, Minister of Foreign Affairs, International Cooperation and Egyptians Abroad, met with Mr. Marco Rubio, Secretary of State of the United States of America, during his visit to Washington, to discuss ways to strengthen the strategic partnership between the two countries, with a focus on developing economic, trade and investment cooperation.

The meeting witnessed a mutual emphasis on the importance of the economic dimension in the strategic partnership between Egypt and the United States, as the two sides reviewed the depth of relations extending for more than four decades, and the strong basis they represent for supporting trade and investment cooperation. The need to build on this legacy was stressed to enhance economic growth rates and achieve common interests that serve the development trends in the two countries.

In this context, the Minister of Foreign Affairs stressed the promising investment opportunities provided by the Egyptian market in various sectors, supported by infrastructure developments and economic reforms, noting the ongoing arrangements to hold the second meeting of the Joint Economic Commission, and hosting the Egyptian-American Economic Forum in June 2026, which will contribute to expanding partnerships and attracting more American investments.

Empowering renewable energy sectors and digital transformation

On the sidelines of the visit, Dr. Badr Abdel Aty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, met with Mr. Mokhtar Diop, Executive Director of the International Finance Corporation, expressing his appreciation for the role that the IFC plays in supporting and empowering the private sector in Egypt, especially in priority sectors such as renewable energy, green hydrogen, mining, infrastructure, and health care, stressing the importance of strengthening this role in achieving comprehensive Sustainable Development Goals (SDGs).

The Minister also reviewed the economic and structural reform efforts implemented by the state over the past years, including the implementation of the state ownership document and the government proposals program, noting that these efforts reflect the commitment to creating an attractive investment environment to ensure the achievement of economic growth and decent work. He also expressed his aspiration to increase the volume of the Foundation’s investments during the next stage.

Strengthening cooperation on water and development issues

The Minister also met with Mr. Saroj Jha, Global Director of the Water Sector at the World Bank Group, to discuss ways to enhance joint cooperation in the field of water resources management and support sustainable development efforts, especially the goals related to providing clean water and achieving responsible consumption and production.

During the meeting, the Minister of Foreign Affairs and International Cooperation expressed his aspiration to enhance cooperation with the World Bank to support sustainable management of water resources and enhance the ability of countries to confront the challenges associated with water scarcity in a way that supports the environmental dimension of sustainable development.

The Minister of Foreign Affairs reviewed the water challenges facing Egypt, in light of the scarcity of water resources, noting the state’s keenness to deal with these challenges by adopting the national strategy for water resources, which includes a comprehensive vision and innovative projects to rationalize water use, expand water reuse, in addition to modernizing irrigation methods in the agricultural sector.

Military Investment Guarantee Agency

In the same context, Dr. Badr Abdel Aty, Minister of Foreign Affairs, International Cooperation and Egyptians Abroad, met with Mr. Tsutomu Yamamoto, Managing Director of the Multilateral Investment Guarantee Agency (MIGA), in the presence of Dr. Ahmed Rostom, Minister of Planning and Economic Development, and Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs.

During the meeting, the Minister affirmed his appreciation for the vital role played by the agency in supporting the investment environment in Egypt, noting that its investment guarantees contributed to enhancing investor confidence, especially in strategic sectors such as renewable energy and the banking sector, which supports the state’s direction towards achieving Sustainable Development Goals (SDGs) on the economic level.

Creating an attractive environment for investment

The Minister stated that the state is working to create an attractive environment for investment through an integrated package of reforms, which includes providing tax and customs incentives, simplifying procedures through digital transformation, and developing the legislative framework to ensure transparency and equal opportunities.

Abdel-Aty also expressed his aspiration to strengthen cooperation frameworks with the agency during the next stage, and work to expand the portfolio of joint projects, in line with the state’s strategy aimed at establishing an effective international partnership with the agency as an effective tool in attracting investments and mobilizing foreign financing to Egypt.

Methods of dealing with the regional repercussions

In a related context, the Minister of Foreign Affairs addressed the repercussions of the military escalation in the region on the global economy, noting that the Egyptian government’s handling of these challenges was based on three main axes, including securing energy supplies, enhancing food security, as well as maintaining financial discipline. He also pointed to the proactive measures taken by the government to deal with the economic repercussions of the crisis, limit its effects, and maintain financial stability.

For his part, the Managing Director of the Multilateral Investment Guarantee Agency expressed his appreciation for the existing cooperation with Egypt, especially in the fields of renewable energy, manufacturing, infrastructure and financial services, stressing the agency’s keenness to strengthen cooperation during the coming period within the framework of supporting the investment environment in Egypt.

In conclusion, it is clear from Egypt’s participation in the spring meetings of the World Bank and the International Monetary Fund that it is moving steadily towards consolidating an approach based on economic openness and expanding the scope of international partnerships with various actors in the global economic system. This approach reflects the country’s keenness to transform its participation in international conferences and forums into practical platforms to enhance cooperation, attract investments, and transfer expertise.

In turn,The Earth Guards Foundation appreciates the efforts of the Egyptian state in building a more competitive and attractive economic environment for investment, in a way that supports sustainable growth and enhances the ability of the national economy to adapt to global changes, and achieve comprehensive Sustainable Development Goals (SDGs).