Egypt, EBDR Discuss Strategies for Bilateral CooperationSource: www.export-egypt.com 10/9/2016, Location: Africa |
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 International Cooperation Minister Sahar Nasr met with President of the European Bank for Development and Reconstruction (EBDR) Suma Chakrabarti in the presence of Egyptian Ambassador to Washington Yasser Redha, Minister Plenipotentiary and Egypt's Executive Director at the World Bank Ragi el Etreby.
Nasr praised the bank's investments in Egypt in 33 projects, 61 per cent of them are carried out by the private sector. The two sides discussed the new strategies for cooperation between the bank and the Egyptian government. They agreed on the necessity of launching the first strategy for EBDR's operations in Egypt to be reviewed by the bank's board ahead of its launching in early 2017. The minister also reiterated the importance of the bank's support in the field of renewable energy especially solar one that would certainly contribute to coping with the climate change and help achieve sustainable development. EBDR has allocated euros 500 million for supporting the renewable energy sector, asserting that Egypt is on the right track and would be the third biggest country to get the bank's support. |
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