Annual meetings of WB, IMF African caucuses at Sharm el-Sheikh conclude


The annual meetings of the African caucuses for the World Bank (WB) and the International Monetary Fund (IMF) concluded on Monday at the Red Sea resort city of Sharm el-Sheikh.

The event kicked off on Sunday August 5, and was organized by the Investment and Finance ministries in coordination with the Central Bank of Egypt (CBE). Representatives of forty African and non-African countries attended the meetings.

Investment and International Cooperation Minister Sahar Nasr, Finance Minister Mohamed Maeit, and Chairmen of the African Caucus of the WB and IMF held a press conference on the “Sharm el-Sheikh Declaration”, which was issued at the end of the meetings.

The two heads of the WB and IMF African caucuses expressed support to nominate Egypt to lead the African Union,…

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