Bangkok:Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty has praised the significant role of the Arab Bank for Economic Development in Africa (BADEA) in fostering development across the continent. The bank contributes to these efforts by financing critical infrastructure and agricultural projects, enhancing value chains, and building private-sector capabilities. Abdelatty made these remarks during a meeting with BADEA President Abdullah Al-Musabih.

According to State Information Service Egypt, the meeting took place alongside Abdelatty's participation in the autumn meetings of the World Bank and the International Monetary Fund in Bangkok. He acknowledged the ongoing collaboration between Egypt and BADEA, expressing gratitude for the bank's involvement in the El Alamein Forum for Business in Africa. Abdelatty emphasized the importance of strengthening ties with the bank and increasing the participation of Egyptian companies in projects funded by BADEA in African countries, thus supporting economic development and expanding cooperation prospects across the continent.

BADEA President Abdullah Al-Musabih, in turn, lauded Egypt's initiatives to support development in African nations and to bolster economic and development partnerships with countries on the continent. He expressed a desire to further enhance cooperation with Egypt to bolster development efforts.