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.
Ahmed Rostom, Egypt's Minister of Planning and Economic Development and Governor at the Islamic Development Bank Group (IsDB), held talks with Nour El-Din Mabrouk, Director of the Bank's Regional Hub in Cairo, and his delegation to explore frameworks for future cooperation between Egypt and the Group.
Rostom opened the meeting by praising the longstanding partnership with IsDB and its active role in supporting Egypt's economic and social development priorities through financing and technical assistance. He emphasized the shared vision to advance sustainable growth, institutional modernization, and comprehensive development that improves citizens' quality of life.
The minister noted Egypt's intent to build on joint successes toward broader horizons of effective partnership, highlighting tangible results in vital sectors due to strong institutional relations and mutual trust. Amid accelerating global challenges and pressures on resources and supply chains, he stressed that international financing institutions must adopt more flexible policies to help countries adapt, ensure market stability, safeguard essential needs, maintain fair competition, and support sustainable growth.
Mabrouk underlined the importance of greater flexibility in responding to rapidly changing economic conditions and outlined the Group's new strategy to empower member states to lead their national development agendas. The delegation reviewed IsDB's key activities and programs, including development financing, technical assistance, capacity building, investment promotion, and sustainable development projects across sectors.
Discussions also covered arrangements for signing the annual program with the International Islamic Trade Finance Corporation (ITFC) under Egypt's extended strategic partnership, to support priority sectors such as food security, energy, trade development, and private sector empowerment.