Egypt’s Minister of Investment and International Cooperation Sahar Nasr will participate in the 2019 annual meeting organised by the International Monetary Fund (IMF) and World Bank (WB) from 14 to 20 October 2019.
Nasr will take part in a session titled “Jobs and economic transformation in emerging markets” along with five speakers on Friday, according to the IMF website.
Philippe Le Houérou, CEO at the International Finance Corporation (IFC), Adan Mohamed, cabinet secretary at Ministry of East African Community and Regional Development of Kenya, Reeta Roy, president and CEO of Mastercard Foundation and Omobola Johnson, Senior Partner of TLcom Capital LLP, are expected to participate in the same session with Nasr.
Nasr is also expected to meet with high level officials of the WB and the American business community leaders to discuss the joint projects and future cooperation.
Additionally, the IMF will release its World Economic Outlook report on Tuesday while IMF’s director of the Middle East and Central Asia Department Jihad Azour, will hold a press briefing on Friday to discuss the Middle East and Central Asia economic development.
Notably, the IMF’s executive board completed the fifth and final review of Egypt’s economic reform programme supported by an arrangement.
The completion of the review allowed the authorities to draw about $2bn, bringing total disbursements to about $11.9 bn which is the full amount approved by the executive board on November 11, 2016.