17 January 2022 02:41 AM


The Egyptian participation in the Bloomberg New Economy Forum

Wednesday، 17 November 2021 - 03:34 PM

Minister of International Cooperation Rania Al Mashat takes part in the Bloomberg Forum for New Economies that is held from November 16-19 in Singapore.

More than 750 senior economists and economic policy makers along with businessmen take part in the forum, including Chinese Vice President Wang Qishan, and the US Secretary of Commerce Gina Raimundo, Minister of Trade and Industry of Singapore Jan Kim Yong, Minister of Finance and Planning of Rwanda Ozel Ndajigemina, Vice President of the United Republic of Tanzania Dr. Philip Mbango, President of the Asian Infrastructure Investment Bank Jane Lacon, and US economist and founder of Bloomberg Michael Bloomberg.

Forum Objectives

The forum aims to discuss international economic issues and reach joint visions on confronting current challenges facing both developed and emerging economies. It, also, aims to discuss the world's commitment to limiting the effects of climate change and providing the necessary funding for emerging countries to confront them.

Discussion Session

Within the framework of the forum’s activities, the Minister of International Cooperation will participate in a discussion session on the world’s commitment to providing the necessary climate investments to address the effects of climate change following the events of the United Nations Climate Conference COP26, and the need to bridge the financing gap in the long and short term, with the participation of governments, the private sector, international financial institutions and civil society.

Bilateral meetings

As part of her efforts to strengthen economic relations with international institutions, and to discuss frameworks for bilateral cooperation, Dr. Rania Al-Mashat will hold a number of bilateral meetings with economists and officials of think tanks in the world, including former British Prime Minister Tony Blair, President of the Tony Blair Institute for Global Change, and Deborah Lehr, the Vice Chairman and Executive Director of the Paulson Institute. She will, also, hold a meeting with Michael Bloomberg, as well as Dan Jørgensen, Denmark's Minister for Climate, Energy and Utilities.

The Minister of International Cooperation had participated in the Bloomberg Summit for New Economy last year, which was held virtually. And during the forum, Bloomberg chose the Arab Republic of Egypt and the United Arab Emirates as a model for the emerging economies in the region following the Corona pandemic, as a result of the economic reforms and opportunities that characterize the both countries despite the economic challenges at the regional and global levels.



Dr. Rania Al-Mashat, Minister of International Cooperation, began her bilateral meetings, on the sidelines of her participation in the Bloomberg New Economy Forum, with a meeting with New Zealand Minister of Agriculture and Rural Communities Damien O'Connor.

The Minister of International Cooperation discussed means of strengthening development cooperation with African countries via Egypt.

Mashat, also, briefed O'Connor on international partnerships established by her ministry with several bilateral and multilateral development partners to boost sustainable farming systems in Egypt, support rural communities and promote food security. She explained that the State cooperated with the WFP to execute agricultural development projects in a number of villages in the Upper Egypt, which in turn contributed to increasing farmers' income and helping women integrate into rural businesses, in addition to empowering girls.

Mashat, also, cited the establishment of innovation and knowledge exchange centers, including the Luxor Center, which serve as platforms for achieving food security and addressing malnutrition among developing countries. The international cooperation minister reviewed the presidential initiative "Decent Life", which aims to attain integrated development in the Egyptian countryside.

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