Joining global financial leaders at IMF and World Bank Spring Meetings, Egypt's Finance Minister Maait underscores the importance of international cooperation.
Starting tomorrow, Dr. Mohamed Maait, Egypt's Minister of Finance, will be participating in the "Spring Meetings" of the International Monetary Fund (IMF) and the World Bank in Washington, as well as the meetings of the G20 finance ministers.
He will also take part in the annual Health Financing Forum hosted by the World Bank, themed "Investing in Health in the Post-Pandemic Era – Challenges in Health Financing."
Maait aims to voice the concerns of developing and African countries regarding the reform of the global financial structure to better serve their interests. He will present Egypt's vision for dealing with international and regional challenges and their negative impacts on developing countries, advocating for measures to achieve stability and economic growth.
Explaining the recent developments in Egypt's economic trajectory, Maait will highlight efforts to empower the private sector to lead economic development, alongside increased investment in human development pillars such as health and education. These endeavors align with the goal of enhancing citizens' living standards.
Moreover, Maait will showcase Egypt's experience in public financial management amid significant challenges arising from economic slowdowns and regional and international geopolitical tensions. Despite these hurdles, positive indicators have been achieved in the current fiscal year, reflecting efforts to establish financial discipline.
He will underscore the importance of international cooperation in mitigating the negative effects of global economic crises, particularly the sharp inflationary pressures impacting emerging economies. Maait emphasizes the need for multilateral institutions and development banks to play a more significant role in providing low-cost financing to support developmental goals and green transition efforts.
