"International Cooperation" reviews Egyptian economic and structural reforms with the founder of Bloomberg
The Ministry of International Cooperation discussed the reforms implemented by the Egyptian state in various fields, which strengthened its economic transformation to become one of the most prominent emerging countries in the region and the world. Of investment opportunities in the areas of sustainable infrastructure and green transformation for international financial institutions and the private sector.
The ministry indicated, in a press statement, today, Friday, to Egypt's success in obtaining the honor of hosting the United Nations Climate Conference COP27, next year, which enhances its leadership and ambitious plans for green transformation, and supports regional efforts to adapt to and mitigate the repercussions of climate change, and implement friendly projects. The environment, pushing joint work with development partners and multilateral banks to implement climate finance strategies and activating innovative and mixed financing tools in Egypt, as well as stimulating the participation of the private sector in implementing these projects.
For his part, Michael Bloomberg stressed the importance of strengthening the work of governments worldwide, in partnership with the private sector, to support green transformation and climate investments to advance the sustainable development goals, in addition to the role that global companies can play to support investments in emerging markets to promote climate action.
The Ministry of International Cooperation is participating in the Bloomberg New Economies Forum, which aims to discuss global economic issues and discuss creating common visions to overcome the challenges facing advanced and emerging economies alike, and discuss the world's commitment to limiting the effects of climate change and providing the necessary financing for emerging countries to confront them, with the participation of more From 750 economic leaders, policy makers, CEOs and entrepreneurs, including Chinese Vice President Wang Qishan, Gina Raimundo, US Secretary of Commerce, Jan Kim Young, Minister of Trade and Industry of Singapore, Ozil Ndajigemina, Minister of Finance and Planning of Rwanda, and Dr. Philip Mbango, Deputy President of the United Republic of Tanzania, Jane Lacon, President of the Asian Infrastructure Investment Bank, Michael Bloomberg, American economist and founder of Bloomberg.