Egypt’s Minister of Foreign Affairs, International Co-operation and Egyptian Expatriates Badr Abdelatty met on Wednesday with Managing Director of the Multilateral Investment Guarantee Agency (MIGA), Tsutomu Yamamoto, on the sidelines of the IMF and World Bank annual meetings.
Minister Abdelatty stressed the importance of the partnership with MIGA, praising its role in strengthening investor confidence and supporting investment in strategic sectors.
He said empowering the private sector is essential to achieving sustainable economic growth, adding that the Egyptian government aims to create a competitive, investment-friendly business environment through comprehensive reforms, which include tax and customs incentives, streamlined procedures through digital transformation, and updated legislation to promote transparency and equal opportunities for investors.
The meeting also addressed ways to strengthen Egypt’s ability to cope with regional and international developments and their economic impact.
Abdelatty outlined the government’s efforts to secure energy supplies, support food security and maintain fiscal discipline to address economic challenges, preserve stability and sustain growth.
For his part, Yamamoto expressed MIGA’s appreciation for its partnership with Egypt and its interest in expanding co-operation to improve the investment climate, strengthen international investor confidence and attract more investment to support economic development.
