Egypt's Foreign Minister meets World Bank Vice President for Middle East and North Africa

Egypt's Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, Badr Abdelatty, met with Ousmane Dione, World Bank Vice President for the Middle East and North Africa MENA region, during the Spring Meetings of the World Bank and the International Monetary Fund in Washington. The meeting included discussions on strengthening cooperation in sectors such as healthcare, water resource management, tourism, food security, and agriculture. They also explored expanding technical support for innovation, artificial intelligence, the Suez Canal Economic Zone, energy efficiency, port modernization, and local industry. Minister Abdelatty highlighted the Egyptian economy's resilience due to structural and monetary reforms, including a flexible exchange rate system. He emphasized the need for multilateral development banks to bridge the development financing gap through concessional financing and innovative financial instruments, and called for reform of the international financial system to better reflect developing countries' priorities. The Minister also discussed the Aswan Forum for Sustainable Peace and Development, inviting World Bank participation in its sixth edition in November 2026, which will focus on development financing and poverty reduction. Regarding water security, he sought cooperation for sustainable water resource management and reviewed Egypt's water challenges and its National Water Resources Strategy. Regionally, the Foreign Minister stressed the