Bangkok:Ahmed Rostom, Minister of Planning and Economic Development, engaged in discussions with Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group, focusing on cooperation and strengthening development partnerships. The meeting took place during the annual gatherings of the World Bank Group and the International Monetary Fund (IMF) in Bangkok.
According to State Information Service Egypt, Rostom highlighted the performance indicators of the Egyptian economy, noting its capacity to absorb shocks and maintain positive growth despite global economic challenges and regional geopolitical tensions. He introduced the "National Program for Economic Transformation," aimed at stabilizing the macroeconomy and enhancing recent structural reforms to stimulate investment and production.
The discussions also included steps for the "Infrastructure Project Financing Guarantee Mechanism," a collaborative effort with the World Bank. Rostom emphasized the mechanism's role in attracting private investment and offering innovative, long-term local currency financing solutions. This initiative is designed to reduce investment risks for the private sector, improve public spending efficiency, alleviate state budget pressures, and ensure the sustainability of infrastructure projects.