Minister of Planning and International Cooperation: Overal economic stability is a prerequisite for launching towards growth
Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation and the Governor of the Arab Republic of Egypt at the Islamic Development Bank Group confirmed that total economic stability is a prerequisite for launching towards growth, adding that it is not sufficient alone without structural reforms that activate the participation of the private sector and enhance its capabilities in the development process. The bank, which was held under the title & Laquo; Bad Gap: Pluralism and Changing the dynamism of commercial exchanges and the future of development financing & raquo;, which was organized within the activities of annual meetings No. 50 of the Islamic Development Bank Group that was held in Algeria during the period 19-22 May 2025 in Algeria. Dr. Rania Al -Mashat stressed. On the necessity of developing clear national visions of how to involve the private sector, to ensure that the challenges related to the fluctuations of the global economy to a sustainable development path.
& nbsp; It begins with total economic reforms, and leads to economic stability, followed by real structural reform that is reflected in the rates of development and social welfare.
& nbsp; Sustainable (SDGS) and providing additional resources, as well as the high burdens of debt that imposes additional restrictions on the ability of countries to move. To innovate and motivate entrepreneurship, and create a more attractive environment for the participation of the private sector. Al -Mashat touched on the importance of public debt management in a proactive and sustainable manner, noting the fourth international conference for the financing of development that will be held in Seville, which will represent an opportunity to offer innovative solutions such as debt exchange for development, as an effective model to link the goals of sustainability to financial stability.
& nbsp; Basic fields, especially international support for environmental and climatic investments, as well as facilitated financing for the private sector and expanding partnerships through integrated financing tools that include mobilization of local resources, and innovative initiatives such as debt swap in exchange for green development projects, in order to enhance the ability of the private sector to contribute effectively to development, as well as enhance South-South cooperation through Qatari platforms that share success stories and effective practices To motivate other countries to adopt similar models, reflecting the importance of building knowledge exchange networks between developing countries away from traditional frameworks. Sustainable & quot;. On the issues of global economic development and challenges, and the formation of common visions on ways to confront the current global and regional threats, and what is required of the Islamic Development Bank group during the coming period to enhance its role in building fruitful development partnerships with member states, and in line with the new changes.
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