The Minister of International Cooperation and Governor of Egypt at the World Bank Group, H.E. Dr. Rania A. Al-Mashat held a meeting with Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development, on the sidelines of the World Bank Group’s 2022 annual spring meetings, which are being held in Washington, to explore new frontiers of economic collaboration for the two countries. 

During the meeting, Al-Mashat referred to the importance of reconvening the Egyptian-Cameroon joint committee, whose sixth session was held during In 2010. The meeting also explored activating the memorandum of understanding in the field of small and medium enterprises in order to revitalize public-private partnerships. 

The Minister of International Cooperation drew attention to the novel Egyptian experience in development, particularly in its infrastructure boom and the inauguration of new smart cities, which represents a good opportunity to cooperate with Cameroon and transfer expertise to enhance its development.

The two sides also emphasized the importance of expanding the scope of partnership through South-South cooperation to capitalize on shared interests and common challenges, as well as build on existing success stories by replicating them to other countries.  

The two ministers touched on the challenges facing developing and emerging countries due to the Ukrainian-Russian crisis, and the need for international financial institutions to realize the challenges facing these countries and to come up with urgent mechanisms to accelerate sustainable development.

The meeting opened a chapter of cooperation between Egypt and Cameroon in the field of agriculture, as well as electricity and renewable energy through technical cooperation and capacity building. 

The Minister of International Cooperation will participate in the Spring Meetings of the World Bank Group and the International Monetary Fund for the year 2022, which are being held physically for the first time after they were held virtually for the years 2020 and 2021 due to the COVID-19 pandemic.