Dr. Nasr will be presenting Egypt's strong economic reforms and its vision to support developing countries.
At the beginning of her visit to the Unite States that will kick off on 20 April 2017, the Minister of Investment and International Cooperation and Egypt's Governor at the World Bank (WB) Dr. Sahar Nasr will be chairing Egypt's delegation at the Ministerial Meetings of the Group of 24 to be held on the sidelines of the WB's Spring Meetings, in presence of President of WBG Dr. Jim Yong Kim and Managing Director of the International Monetary Fund (IMF) Ms. Christine Lagarde.
The Minister stated that during the meeting, she would be presenting the strong economic reforms carried out by Egypt for economic advancement and the tangible steps taken to provide an attractive investment climate. Several issues, added the Minister, would also be discussed, topped by the various development challenges facing developing countries as a result of the global economic instability, including commodity price volatility and the increasing number of refugees, especially in the Middle East due to the grave humanitarian situation in several countries such as Syria and Libya.
In addition, Dr. Nasr mentioned that she would be discussing with the G24 the significance of the effective role played by developed countries and international financial institutions to help the developing and the least developed countries face such challenges. The Minister also will be focusing on the importance of the major economies' adoption of economic and financial policies that contribute to achieving global economic stability, including the provision of adequate mechanisms to secure funds and the transfer of technology to developing countries so as to increase their inclusion in the global economy and enhance their efforts to combat poverty and achieve comprehensive and sustainable development.
It is worth noting that the G24 coordinates the positions of developing countries on development as well as financial and monetary issues. Egypt is considered one of its constituent countries and takes an effective part in all its activities, given that the G24 plays an important role in urging international financial institutions, topped by the WB, to support interests of developing countries. The G24 meets twice a year on the side lines of the WB's Annual Meetings and includes Egypt, Algeria, Lebanon, Syria, Côte d'Ivoire, Ethiopia, Nigeria, Gabon, Ghana, South Africa, Congo, Argentina, Brazil, Colombia, Mexico, Peru, Venezuela, Guatemala, India, Iran, Pakistan, Philippines, Sri Lanka, Trinidad and Tobago.