Close ad

Egypt supports US nominee for World Bank Group president

Doaa A.Moneim , Wednesday 15 Mar 2023

Minister of International Cooperation Rania Al-Mashat has expressed Egypt's support for the candidacy of Ajay Banga, the US' nominee to lead the World Bank Group (WBG), during a virtual call on Wednesday.

World Bank
Minister of International Cooperation Rania Al-Mashat has expressed Egypt's support for the candidacy of Ajay Banga.

 

Related
World Bank announces $9.13 mln grant to support Egypt’s climate change efforts
MENA’s growth to decelerate to 3.5% in 2023 amid the global economic crisis: World Bank
World Bank slightly downgrades forecast for Egypt’s real GDP growth in FY2022/2023

The two sides discussed the WBG's evolution and vision, as well as the challenges faced by developing and emerging economies.

On 23 February, US President Joe Biden announced Banga as the nominee for president of the WBG, succeeding the current president, David Malpass, who has announced his intention to leave the office by the end of June

Banga has a global reputation for his extensive experience in technology, data, financial services, and innovation. He served as Mastercard's president and CEO for 11 years and later became the company's executive chairman.

Short link:

 

Also In Economy

# Egypt's BOP records $991.2 mln deficit in Q1 of FY24/25
# IMF revises Egypt real GDP growth down by 0.5%, 1% in FY24/25, FY25/26
# World Bank keeps Egypt real GDP growth projection at 3.5% in FY24/25, upgrading it to 4.2% in FY25/26
# SelectUSA Tech programme concludes in Egypt by 1st-ever tech startup competition
# Egyptian cabinet approves finalized initiative draft for supporting priority industrial sectors
# KIMA, True East Mining sign contract for silicon-manganese alloy production
# Gov'ts alone can't provide $13 tln needed globally for achieving 2030 sustainability goals: ESG head at Mashreq
# Egypt initiates talks with EU, int'l partners on Macro-Financial Assistance 2nd phase
#