Prime Minister Moustafa Madbouli witnessed on Tuesday the launch of the first seminar of the New Development Bank (NDB) in Egypt.

The two-day seminar is hosted by Egypt in the New Administrative Capital. It is held under the aegis of President Abdel Fattah El Sisi.

It is co-organized by the International Cooperation Ministry and the New Development Bank.

The seminar comes after Egypt joined the NDB in March 2023. It aims to introduce the bank’s operations, enhance ways of cooperation with the government and the private sector.

It also aims at discussing future cooperation opportunities between the founding and new BRICS members, and maximizing the benefit from cooperation capabilities available at the bank, in light of Egypt’s pivotal role in the region and its growing role in the global value chain (GVC) and international trade.

It will be attended by representatives of the NDB, international financial institutions, the private sector and the government, as well as international and local think tanks.

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ource: State Information Service Egypt