Minister Al Mashat is scheduled to meet EIB President Calviño and the discussions will look into enhancing areas of joint cooperation and future plans for joint efforts within the framework of the bilateral cooperation strategy
Minister of International Cooperation Rania Al Mashat visited the headquarters of the European Investment Bank (EIB) in Luxembourg, the financing arm of the European Union and Europe’s Climate Bank for Europe.
Minister Al Mashat is scheduled to meet EIB President Calviño and the discussions will look into enhancing areas of joint cooperation and future plans for joint efforts within the framework of the bilateral cooperation strategy with the bank for the period from 2021—2027, as well as the common priorities of the Arab Republic of Egypt and the European Union.
Al Mashat previously visited the headquarters in June 2022, and held several meetings with the former president of the bank in various international and regional forums.
The visit reflects the strength of Egypt’s joint relations with the EIB. This is especially given that Egypt is the largest country of operations for the bank outside the EU, as well as being the largest international institution financing the private sector in Egypt, according to MOIC’s statement.
According to data published by EIB on their website, the bank has provided more than EUR 15 billion for transformational public and private investment across Egypt since 1979.
