The initiative aims to bolster Egypt’s private sector in executing projects in water, wastewater treatment, and reducing water losses in networks.
Al Mashat presented the country’s recent economic and structural reforms, emphasizing the government's efforts to strengthen macroeconomic stability, enhance the business environment, and build a competitive, investment-friendly economy.
Banga praised Egypt’s ongoing economic reforms and the creation of state-led investment platforms, emphasizing Egypt’s position as a leading partner for the World Bank, highlighting initiatives like the “NWFE” platform, which promotes climate investments in adaptation and mitigation efforts, and the “Hafiz” platform that fosters private sector participation.
The two ministers co-chaired the fourth session of the Egyptian-Romanian Joint Committee for Economic, Scientific, and Technical Cooperation in Bucharest, the first since 2019.
The committee, established under the directive of PM Mostafa Madbouly, aims to enhance the capabilities of local startups and create a favorable environment for sustainable economic growth driven by competitiveness and innovation, contributing to the creation of decent job opportunities.