Foreign ministers from G7 countries are meeting in the French town of Rambouillet, with the economic impact of the wars in Iran and Ukraine, as well as the political fallout of an increasingly fitful U.S. foreign policy, bubbling away in the background.
Iran war could trigger financial systemic stress, ECB vice president warns
FRANKFURT, March 26 (Reuters) – Euro zone banks have limited direct exposure to the war in the Middle East, but the conflict could still generate systemic stress given interconnected vulnerabilities, European Central Bank Vice President Luis de Guindos said on Thursday.
Egypt’s Foreign Minister Delivers Aid to Lebanon
Acting on presidential directives, Egypt’s Foreign Minister Badr Abdelatty visited Beirut to deliver humanitarian aid and reaffirm Egypt’s steadfast support for Lebanon’s unity, security, and stability.
Egypt’s Industry Minister Meets World Bank and IFC to Boost Industrial Development
Minister Khaled Hashem discussed with World Bank and IFC officials ways to support Egypt’s industrial projects, focusing on green transformation, renewable energy planning, strategic industrial mapping, and innovative citizen-funded investment funds to drive sustainable growth.
Egypt’s Planning Minister Meets International Institutions in Washington to Review Economic Developments
Minister Ahmed Rostom held high-level meetings in Washington with World Bank, IMF, and DFC officials to showcase Egypt’s resilient economy, discuss energy security and food supply challenges, and explore expanded international cooperation to support sustainable growth amid regional geopolitical pressures.
IMF Praises Egypt’s Proactive Measures Amid Regional Crisis
IMF spokesperson Julie Kozack affirmed that Egypt’s timely, proactive policies and flexible exchange rate helped absorb external shocks, preserve foreign reserves, and balance fiscal discipline with targeted support for vulnerable households.
