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Daily News Egypt
5 days ago
- Business
- Daily News Egypt
Egypt's Prime Minister holds high-level meetings at UN Conference on Financing for Development
Representing Egypt's President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly held a series of high-level diplomatic meetings on the sidelines of the 4th United Nations Conference on Financing for Development, held in Seville, Spain, reaffirming Egypt's commitment to strengthening international cooperation in the face of mounting global and regional pressures. In a pivotal discussion with Amy Pope, Director General of the International Organization for Migration (IOM), Madbouly highlighted the substantial burden Egypt shoulders as a host country for a large population of migrants and refugees—despite ongoing economic challenges. 'We call upon the international community to extend greater support to Egypt, especially given the economic strains caused by regional conflicts and global crises,' Madbouly said. He praised the strong partnership between Egypt and the IOM and reiterated Egypt's commitment to regional stability and inclusive policies, offering migrants access to education, healthcare, and employment—efforts recognised by numerous international bodies. Pope commended Egypt's humanitarian leadership and expressed the IOM's readiness to deepen cooperation. She also applauded Egypt's efforts to promote legal and organised migration and expressed interest in enhancing collaboration, particularly in seasonal and skilled labour migration to Europe. Responding to her inquiries, Madbouly outlined Egypt's coordination with European countries to establish legal migration frameworks that reflect Egypt's skilled labour potential and the mutual interest in addressing labour market demands. The meeting concluded with a shared commitment to explore new areas of cooperation, reinforcing Egypt's role as a key partner in global migration governance. Prime Minister Madbouly also met with Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), to discuss ongoing collaboration, particularly through the OECD's MENA Initiative on Governance and Competitiveness for Development. Madbouly expressed Egypt's appreciation for the OECD's technical support and emphasised the importance of finalising the Country Cooperation Program, which he described as a cornerstone for deepening future collaboration in line with Egypt's national development priorities. Joining the meeting, Minister of Planning and Economic Development Dr. Rania Al-Mashat elaborated on the scope of current projects with the OECD, noting their alignment with Egypt's Vision 2030 and the government's structural reform agenda. She added that several joint activities and consultations are planned in the coming period to enhance Egypt's integration of global expertise into national planning. Cormann praised Egypt's reform momentum and reaffirmed the OECD's support for Egypt's sustainable development goals, acknowledging the country's critical role in regional stability and international cooperation. Madbouly proposed the development of a strategic roadmap for future cooperation with the OECD to deepen bilateral ties and accelerate Egypt's economic transformation. In a key regional dialogue, Prime Minister Madbouly met with Algerian Prime Minister Nadir Larbaoui, where both leaders reaffirmed the historic and strategic relationship between Egypt and Algeria. Madbouly conveyed President Al-Sisi's greetings to President Abdelmadjid Tebboune and emphasised the importance of elevating bilateral cooperation across a range of sectors. 'We must accelerate preparations for the next session of the Egyptian-Algerian High Joint Committee,' he stated, calling for enhanced cooperation in trade, investment, and regional affairs. Larbaoui echoed the call for deeper ties and conveyed President Tebboune's regards to President Al-Sisi. He also commended Egypt's pivotal role in promoting regional stability and security. The two leaders explored expanded cooperation in key sectors such as energy, infrastructure, and agriculture, and reaffirmed their mutual interest in fostering deeper economic integration between the two nations. Prime Minister Madbouly's diplomatic engagements in Seville reflect Egypt's strategic vision to bolster international partnerships, attract support for its development agenda, and reaffirm its role as a regional stabiliser amid global uncertainty. The meetings demonstrated broad international recognition of Egypt's importance and a shared readiness to deepen cooperation on key global challenges.
See - Sada Elbalad
04-06-2025
- Business
- See - Sada Elbalad
Al-Mashat Holds Bilateral Discussion with OECD Secretary General during Visit to Paris
SEENEWS Press Release Minister of Planning, Economic Development, and International Cooperation Holds Bilateral Discussion with Secretary General of the Organization for Economic Cooperation and Development (OECD) During Her Visit to Paris * 'Al-Mashat': The joint relations with the OECD enhance evidence-based policymaking and institutional reform to drive development efforts. • Egypt's chairmanship of the MENA Governance and Competitiveness for Development Initiative is an opportunity to enhance regional dialogue and exchange experiences. • We look forward to developing the Country Program to provide more tools and operational plans that strengthen development efforts. • OECD Secretary-General: Egypt's OECD country program is a step towards formal membership. • OECD Deputy Secretary-General praises Egypt's experience in enhancing private sector access to development financing. H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a bilateral meeting with Mr. Mathias Cormann, Secretary-General of the Organization for Economic Cooperation and Development (OECD), to discuss ways to strengthen cooperation between the two sides, as part of the OECD Ministerial Council Meetings in Paris, which are being held this year under the theme: 'Leading the Way towards Resilient, Inclusive, and Sustainable Prosperity through Rules-Based Trade, Investment and Innovation'. During the meeting, H.E. Dr. Rania Al-Mashat affirmed deep appreciation for the strong and evolving relationship with the Organization for Economic Cooperation and Development (OECD), whether through the bilateral cooperation program between Egypt and the OECD, or through the OECD's MENA Initiative on Governance and Competitiveness for Development, noting that this cooperation reflects a shared commitment by both sides to support evidence-based policymaking, enhance institutional reform, and advance the sustainable development agenda. H.E. pointed to Egypt's co-chairmanship of the OECD MENA Initiative on Governance and Competitiveness for Development. This new mandate provides a unique opportunity for active participation in regional dialogue, strengthening mutual learning mechanisms, and exchange experiences based on real-life reform applications. Al-Mashat praised the continued constructive cooperation within the framework of Egypt-OECD Country Program, which has been extended through 2025. The program is a key pillar of the joint corporation framework, serving as a vital tool for integrating international expertise into Egypt's national development strategy, particularly 'Egypt Vision 2030' and the National Structural Reform Program. The program includes 35 projects distributed across five main pillars, designed through a broad participatory process, reflecting Egypt's commitment to ownership of reforms and policy coherence. H.E. explained that the program witnesses coordination and collaboration with various relevant parties in Egypt to implement it, expressing her aspiration to further develop cooperation within the framework of the Country Program beyond the stage of issuing recommendations, toward providing tools and actionable plans that can reflect on development efforts in a more impactful manner, noting that the program strengthens partnership with the OECD and is an effective step towards Egypt's accession as a member country of the Organization for Economic Cooperation and Development. For his part, the OECD Secretary-General pointed to the OECD's openness policy toward admitting more member countries, explaining that the Country Program with Egypt is an important step for Egypt to become the first Arab and African country to join the OECD. In the same context, H.E. Dr. Rania Al-Mashat met with Ms. Mary Beth Goodman, OECD Deputy Secretary-General, where the meeting addressed the Organization's preparations to finalize the new development strategy. Ms. Goodman praised Egypt's effective contribution in providing feedback on the strategy, emphasizing that it is prepared through a participatory framework to develop solutions to development challenges, especially in light of the efforts of many countries to reduce development funding, which underscores the need for emerging economies to strengthen their domestic resource mobilization. H.E. Dr. Al-Mashat emphasized that Egypt has a pioneering experience in leveraging development financing for the private sector, which has become the main beneficiary of such financing, rather than the government. The Deputy Secretary-General praised this experience and stressed the importance of highlighting it so that other OECD member countries can benefit from it. H.E. Dr. Al-Mashat also met with Mr. Andreas Schaal, Director for OECD Global Relations and Co-operation. 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