Egypt's deputy PM discusses deeper cooperation with US financing institutions

Hussein Eissa, Egypt's Deputy Prime Minister for Economic Affairs, took part in a joint Egyptian-American working session hosted by Motaz Zahran, Egypt's Ambassador to the United States. The meeting included Mohamed Farid Saleh, Minister of Investment and Foreign Trade, Samar El-Ahdal, Deputy Minister of Foreign Affairs for International Cooperation, and senior officials from the US Export-Import Bank (EXIM) and the US International Development Finance Corporation (DFC). Discussions aimed to strengthen economic and investment relations between the two countries.

Motaz Zahran, Egypt's Ambassador to the United States, hosted a joint Egyptian-American working session. Participants included Hussein Eissa, Deputy Prime Minister for Economic Affairs; Mohamed Farid Saleh, Minister of Investment and Foreign Trade; Samar El-Ahdal, Deputy Minister of Foreign Affairs for International Cooperation; and senior officials from the US Export-Import Bank (EXIM) and the US International Development Finance Corporation (DFC).

Mohamed El-Homsani, the Cabinet's official spokesperson, said the discussions focused on advancing existing cooperation with EXIM and DFC, particularly their role in mobilising investment, expanding access to financing tools, and promoting private sector participation in development projects. He added that the meeting provided a platform to exchange views on building upon the longstanding strategic partnership between Egypt and the United States, serving shared interests.

The Egyptian side outlined economic and fiscal measures implemented to mitigate the impact of ongoing geopolitical tensions in the Middle East on global markets. Discussions also covered efforts to improve the investment climate, streamline the business environment, strengthen private sector engagement, and attract high-quality US investments aligned with Egypt's development priorities for sustainable growth and job creation.

Participants underscored the importance of sustained coordination to explore new avenues of cooperation with EXIM and DFC. These efforts aim to support priority projects across short, medium, and long terms, enhance Egypt's capacity to leverage financing and development instruments, and build on positive momentum in bilateral relations.

Mga Kaugnay na Artikulo

Ahmed Rostom, Minister of Planning and Economic Development, inaugurated a high-level consultation session with the World Bank Group to examine an infrastructure financing and guarantee mechanism for Egypt.

Iniulat ng AI

Ahmed Rostom, Egypt's Minister of Planning and Economic Development and Governor at the Islamic Development Bank Group (IsDB), met with Nour El-Din Mabrouk, Director of the Bank's Regional Hub in Cairo, to explore future cooperation frameworks. Rostom praised the longstanding partnership with IsDB, emphasizing the need for more flexible policies from international financial institutions amid global challenges.

Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms to safeguard economic stability and accelerate private sector growth, amid regional conflicts impacting markets and global supply chains.

Iniulat ng AI

Deputy Foreign Minister for International Cooperation Somaya El-Ahdal met with MSMEDA CEO Bassel Rahmy to discuss expanding support for small businesses and entrepreneurship, aligning efforts on a unified work plan for the coming phase.

Gumagamit ng cookies ang website na ito

Gumagamit kami ng cookies para sa analytics upang mapabuti ang aming site. Basahin ang aming patakaran sa privacy para sa higit pang impormasyon.
Tanggihan