Egypt - Mohamed Maait, Minister of Finance and Governor of Egypt to the Asian Infrastructure Investment Bank (AIIB), has stressed that Egypt will be the voice of Africa at the eighth annual meetings of the AIIB that will be convened for the first time in Africa on 25 and 26 September in Sharm El-Sheikh. Today’s economic challenges will be adopted as well as African peoples’ development needs with huge financing they require to attract more investments specifically in infrastructure will also be conveyed. This adoption will be in a way that supports the continental development path, opens up great prospects for the AIIB, and contributes in stimulating multilateral and cross-border development activities within Africa, Maait said. The AIIB’s trend to allocate 50% of its investments to climate action by 2025 can be exploited to push green transformation efforts towards establishing smart and eco- friendly projects on a larger scale in Egypt and Africa. © 2022 Daily News Egypt.

Source: The North Africa Journal August 22, 2023 06:01 UTC