30 September 2020 06:28 AM

Cairo participates in G20's meeting of finance ministers, central bank governors

Saturday، 13 April 2019 - 01:15 PM

Minister of Finance Mohamed Maait asserted the importance of Egypt’s continuity of its efforts to support the G20 Compact with Africa (CwA), given its chairmanship of the African Union.

As many as 12 African countries have so far joined the initiative that was launched by the G20 in 2017 to back African reforms, Maait said at a meeting of the G20 finance ministers and central bank governors.

The meeting was held on the sidelines of the spring meetings of the World Bank and International Monetary Fund (IMF) in Washington.

The minister added that the CwA has seen promising results as regards the conformity of African nations’ reform agenda with the initiative’s guiding principles that depend on attracting more foreign investments to Africa, particularly in main sectors, the finance ministry said in a statement Saturday 13/04/2019.

Each African country, including Egypt, will benefit from the advantages of the CwA, he said, noting that Cairo seeks to lead Africa to a prosperous future via cooperation with various African Union’s member states. 


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