International Finance
Bank of Korea Governor Shin Hyun-song has been elected to the 18-member board of the Switzerland-based Bank for International Settlements.
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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.
With one month until it hosts the first G20 Leaders’ Summit on African soil, South Africa is advocating for debt sustainability, green financing, and disaster response. The country, under its G20 Presidency theme of Solidarity, Equality and Sustainability, has convened 120 out of 132 planned meetings to address global challenges.