Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, will participate in the International Monetary Fund (IMF) and the World Bank (WB) Group’s annual meetings in Nusa Dua, Bali, Indonesia, from 10 to 14 October.
Nasr is expected to attend the human capital summit which will be held on the side-lines of the meetings, as well as deliver Egypt’s speech at the G24 meeting.
Members of the G-24 include Finance Ministries and Central Banks of 28 developing countries including Algeria, Argentina, Brazil, Colombia, Ivory Coast, Democratic Republic of Congo, Ecuador, Egypt, Ethiopia, Gabon, Ghana, Guatemala, Haiti, India, Iran, Kenya, Lebanon, Mexico, Morocco, Nigeria, Pakistan, Peru, Philippines, South Africa, Sri Lanka, Syria, Trinidad and Tobago, and Venezuela. China has the status of special observer within the G-24.
The 2018 annual meetings will take place from 8 to 14 October, bringing together central banks’ governors, ministers of finance and development, private sector executives, civil society, media, and members of academia to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, jobs and growth, economic development, aid effectiveness, and climate change.
Meanwhile, the IMF will hold a press briefing on the Middle East and Central Asia Department on 12 October, with the speakers being Jihad Azour, Director, Middle East and Central Asia Department at the IMF, and Wafa Amr, Senior Communications Officer, Communications Department at the IMF.
Egypt’s Minister of Finance Mohamed Moeit plans to participate in the meetings, according to a press statement issued by the ministry on Saturday.
Moreover, Nasr stated in September that an IMF mission will be visiting Egypt by the end of October, for the fourth review of the Egyptian economy, whereas receiving the next tranche of the loan is expected to take place by December of this year.
The minister has reaffirmed the ministry’s efforts to advance gross domestic product growth to reach 6% in fiscal year 2018/19.