BRUSSELS – Egypt’s Prime Minister Moustafa Madbouli has asserted the significance of strategic partnership between the Egyptian government and the European Bank for Reconstruction and Development (EBRD) in a set of key projects in multiple sectors.
The premier added that the bank enjoys distinguished partnership with Egypt in the renewable energy domain, calling for promoting cooperation in relevant projects.
Madbouli made the remarks Thursday during a meeting with EBRD’s President Odile Renaud-Basso on the sidelines of his participation in the second day of the “Global Gateway” Forum on behalf of President Abdel Fattah El Sisi.
Organized by the European Commission in Brussels, the forum is attended by Egyptian Ambassador to Belgium and the European Union Badr Abdel Ati.
Madbouli hailed Egypt’s cooperation with the bank, especially in the infrastructure and development projects, noting that state’s mega development projects over the past years have contributed to creating millions of job opportunities for the new generations.
The unemployment rate records seven percent down from 13 percent in 2013, thanks to the mega infrastructure and development projects, the premier said.
Madbouli highlighted government’s approach toward supporting and reinforcing the private sector along with upholding the public offering program in line with State Ownership Policy Document
Meanwhile, EBRD’s head shed light on the ongoing discussions with Egypt’s Ministry of Electricity to promote the capacity of renewable energy, noting that the bank has contributed to funding Egyptian energy projects with a capacity of up to 1.7 GW.
Renaud-Basso discussed the situation in Gaza, expressing appreciation for Egyptian efforts to ensure de-escalation and deliver humanitarian aid to the Gaza Strip.