It’s day two of the World Governments Summit: Egyptian ministers and officials have another packed schedule as they join other world leaders and decision makers for the World Governments Summit in Dubai. The summit kicked off yesterday and wraps tomorrow.

WORTH NOTING FROM DAY 1-

Egyptian officials meet with the IMF head ahead of anticipated loan agreement announcement: A delegation led by Prime Minister Moustafa Madbouly met with IMF Managing Director Kristalina Georgieva to discuss the long-stalled reviews of Egypt’s USD 3 bn loan program, according to a cabinet statement that offered no other details on the status of the agreement. Madbouly was joined by Central Bank Governor Hassan Abdullah, Finance Minister Mohamed Maait, International Cooperation Minister Rania Al Mashat, Planning Minister Hala El Said, and IMF Executive Director Mahmoud Mohieldin.

ICYMI- Georgieva told reporters earlier this week that the Fund’s first and second reviews of Egypt’s loan program are in their final stages and expected to be completed “in a few short weeks.”

The Egyptian delegation also sat down with World Bank President Ajay Banga: Egyptian officials and Banga discussed how to support the private sector and increase its contribution to public investments to 65%, according to a cabinet statement released after the meeting. The meeting also touched on the role of the World Bank’s International Finance Corporation, which was named as a strategic advisor to the state asset sale program last year.

Egypt and the UAE renew their governance cooperation vows: Egypt and the UAE have extended a governance cooperation MoU, set to expire this month, for an additional two years, a cabinet statement said yesterday. The MoU, which was first signed in 2018, aims to strengthen institutional capabilities and improve governance through bilateral cooperation.

ALSO FROM THE SUMMIT-Madbouly took the stage for a 10-minute speech, where he touched on the private sector’s role in the economy and Egypt boosting its renewables capacity.

AND- Every country needs its own AI infrastructure, says Nvidia boss:Nations “must take [their] data, refine that data and own [their] own national intelligence. You cannot allow that to be done by other people," CEO of chip manufacturer Nvidia Jensen Huang said yesterday at the summit. “It’s not that costly. It’s also not that hard,” Huang added (watch, runtime; 23:57).

TO LOOK OUT FOR TODAY-

Panels to watch out for today: More Egyptian Ministers and officials are taking the stage for the second day of the summit.

** Check out the full agenda for the three-day summit here.

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