Egypt’s Prime Minister Mostafa Madbouly announced, on Tuesday, that the implementation of Green Recovery projects is important for the country, being necessary for sustainable development.
He asserted Egypt’s keenness to cooperate with the European Bank for Reconstruction and Development (EBRD) in this strategy.
Madbouly’s remarks came during his meeting with EBRD President Odile Renaud-Basso, on Tuesday, during which the bank praised Egypt’s Green Recovery strategy, and welcomed joint cooperation to discover opportunities in this field in Egypt and Africa.
Renaud-Basso highlighted Egypt’s importance for the EBRD, evident in the bank’s portfolio of €1bn in the country.
The meeting was also attended by: EBRD Vice-President Alain Pilloux; Khaled Hamza, deputy head of the EBRD in Egypt; other representatives of the bank in the southern and eastern Mediterranean region; and Minister of International Cooperation Rania Al-Mashat.
During the meeting, Madbouly applauded the bank’s continuous support to the private sector, and added that Egypt’s green recovery strategy aims to implement environmentally compatible projects, in order to achieve sustainable development.
Minister Al-Mashat expressed her appreciation for the working teams from both sides, and highlighted their great effort to implement the bank’s financing projects in Egypt.
The minister asserted that Egypt has won several international awards and ranks first among the bank’s countries of operation regarding the projects and programmes implemented in cooperation with the bank.