Egyptian Prime Minister Mostafa Madbouly participated in the opening session of the first international forum of the New Development Bank (NDB) in Egypt on Tuesday, under the auspices of President Abdel Fattah Al-Sisi. He underscored the event’s importance in presenting Egypt’s development initiatives, progress in community development, poverty reduction, infrastructure construction, and efforts to support the private sector. He emphasised the importance of the NDB in supporting member states’ development plans amidst regional and international economic challenges, noting the decline in available financing and the inadequacies of the current international financial system. During the forum, a documentary film highlighted the NDB’s contributions to development efforts among member states. Rania Al-Mashat, the Minister of International Cooperation, underscored the forum’s significance in bolstering Egypt’s development plans and exploring new avenues for economic cooperation.

Source: Daily News Egypt June 11, 2024 15:44 UTC