At the 8th Annual Meetings of the New Development Bank (NDB) of the BRICS bloc, held in Shanghai, China, the Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat met with the Russian Minister of Finance and Governor of Russia at the NDB, Dr. Anton Siluanov, the International Affairs Officer at the Brazilian Ministry of Finance Dr. Tatiana Roseto, and the Minister of Finance and Governor of South Africa at the NDB, Dr. David Masondo. The meetings witnessed discussions on efforts to enhance the exchange of experiences between member countries, the strategic objectives of the NDB and its role in supporting developing countries and emerging economies.

Al-Mashat expressed her appreciation for Egypt's accession to the membership of the NDB and her aspiration that joint work with the bank and member states would result in more development cooperation programs and partnerships that stimulate development efforts and enhance the ability for emerging countries to face the current global challenges, and support south-south cooperation.

In meetings with the NDB Governors and founding members: Russia, Brazil and South Africa, H.E. discussed the strategic objectives of the bank in light of its strategy for the next five years. H.E.  stressed the importance of strengthening blended financing efforts and stimulating mechanisms available to support the private sector in developing countries and emerging economies, as well as strengthening its role in achieving regional cooperation and integration by investing in infrastructure and various sectors to enhance the resilience of countries in facing global challenges.

Al-Mashat indicated the importance of strengthening cooperation at the bilateral level between member states to advance efforts to exchange knowledge and experiences and benefit from development experiences, in a way that accelerates the implementation of the SDGs H.E. pointed to the Egyptian experience in international cooperation and development financing and close relations with multilateral and bilateral development partners based on national objectives, in line with the SDGs.

In a related context, Al-Mashat met with the Alternate Governor of Bangladesh at the NDB Sharifa Khan where they discussed ways to enhance joint cooperation under the umbrella of south-south cooperation to support development efforts and climate action.

Al-Mashat participated in the 8th Annual Meetings of NDB in Shanghai, China.  This comes in light of the role played by the Ministry of International Cooperation to strengthen development cooperation relations with multilateral and bilateral development partners and to promote a national development vision that is consistent with the UN SDGs.