Minister of Planning and International Cooperation, Rania Al-Mashat, joined forces with Minister of Finance, Ahmed Kouchouk, to address the financial entanglements between the National Investment Bank (NIB) and the National Post Authority, also known as Egypt Post.

This initiative falls within the broader governmental efforts to streamline financial operations among different state bodies and bolster the pivotal role of the NIB as a primary economic and investment driver crucial for advancing development endeavors.

Both ministers reiterated their dedication to enhancing consultations among relevant entities and expediting actions designed to resolve the financial entanglements between the NIB and the National Post Authority.

This collaborative effort is anticipated to yield substantial benefits for the national economy, aligning with the directives of Prime Minister, Mostafa Madbouly.

The ministers emphasized the importance of these steps to untangle financial issues among government entities, reassuring the business community and boosting financial efficiency across sectors.

Notably, previous efforts have successfully resolved social insurance debts and established protocols for addressing financial ties between the NIB and the National Bank of Egypt.

This joint effort signifies a strong commitment to financial stability and efficiency within the government, promising a more resilient and robust national economy.