H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Financial Growth, and Worldwide Cooperation, met with Noor bint Ali Al-Khalifa, Minister of Sustainable Growth and CEO of the Financial Growth Board of Bahrain, throughout the Egyptian-Bahraini Authorities Committee’s actions for business, financial, scientific, and technological cooperation. The assembly centered on areas of joint cooperation in mild of the priorities of each nations and enhancing joint efforts to attain sustainable growth.
H.E. Dr. Rania Al-Mashat expressed gratitude to the Bahraini aspect for his or her heat welcome and hospitality throughout the committee’s actions, emphasizing the significance of the joint committee’s conferences between the 2 nations. The conferences resulted in exchanging views and consultations to strengthen the bilateral relations between the 2 nations in varied fields, notably in financial, business, scientific, and different areas.
The Minister of Planning, Financial Growth, and Worldwide Cooperation recommended the historic relations between Egypt and Bahrain, and the mutual understanding between the 2 nations on all ranges. H.E. Dr. Al-Mashat affirmed the Egyptian state’s dedication, beneath the management of H.E. President Abdel Fattah El-Sisi, to creating cooperation with the Kingdom of Bahrain throughout all fields and elevating it to the extent of strategic relations.
H.E. Minister Al-Mashat emphasised the significance of sustaining direct communication between the 2 sides by way of ministries and varied companies to succeed in agreements for joint financial work, open new horizons, and suggest rising fields that align with the speedy modifications occurring globally, notably within the financial and technical cooperation. This might enhance commerce trade, reflecting the energy of the relations between the 2 nations.
H.E. Dr. Al-Mashat additionally praised Bahrain’s function and membership within the Industrial Integration Partnership for sustainable financial growth, which incorporates Egypt, the UAE, Jordan, and Morocco. Not too long ago, Qatar and Turkey joined the partnership to strengthen the collective capability of the nations in attaining regional industrial integration objectives.
H.E. Minister Al-Mashat reviewed key points of Egypt’s financial reform expertise, together with its monetary and structural phases, with an bold and profitable program for creating unprecedented infrastructure and concrete growth. She pointed to Egypt’s collected experience by way of the institution of main nationwide initiatives, together with industrial and agricultural zones, trendy city communities, and new cities of the fourth technology.
H.E. Dr. Al-Mashat additionally talked about the robust relationships with worldwide financing establishments and the Ministry’s readiness to reinforce efforts to trade experience with Bahrain in worldwide cooperation.
The Minister of Planning, Financial Growth, and Worldwide Cooperation additionally highlighted the function of the Ministry after the merger within the fields of planning and financial growth, making ready lengthy, medium, and short-term sustainable growth plans, and making certain the consistency of implementing sectoral methods and plans with the nationwide growth technique, the Normal State Finances Legislation, and associated price range legal guidelines.
H.E. Dr. Al-Mashat talked about collaborating in making ready program and efficiency plans, taking obligatory actions to implement them, diversifying sources of funding for growth plans and applications, and enhancing partnerships with the non-public sector, civil society, and growth companions to advertise financing for growth. Moreover, she reiterated formulating the Nationwide Sustainable Growth Technique (Egypt Imaginative and prescient 2030) in coordination with ministries and related our bodies.
H.E. Dr. Al-Mashat welcomed the cooperation and trade of experiences with Bahrain in areas of sustainable growth, making ready voluntary nationwide experiences on content material and reporting processes, native voluntary experiences with a deal with localizing sustainable growth objectives on the native degree in planning. That is along with the planning and monitoring funding initiatives by way of an built-in digital system. This consists of financial and developmental coverage formulation, central, sectoral, and regional-level planning, program and efficiency budgeting, the federal government efficiency monitoring system, enhancing public funding effectivity, and integrating environmental sustainability requirements in growth plans, alongside constructing capacities.
Distributed by APO Group on behalf of Ministry of Planning, Financial Growth, and Worldwide Cooperation – Egypt.
