{"id":615120,"date":"2024-02-13T00:00:00","date_gmt":"2024-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/13\/egyptian-officials-make-the-rounds-during-the-world-governments-summit\/"},"modified":"2024-02-13T00:00:00","modified_gmt":"2024-02-13T00:00:00","slug":"egyptian-officials-make-the-rounds-during-the-world-governments-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/13\/egyptian-officials-make-the-rounds-during-the-world-governments-summit\/","title":{"rendered":"Egyptian officials make the rounds during the World Governments Summit"},"content":{"rendered":"

It\u2019s day two of the <\/strong>World Governments Summit<\/a><\/strong>: <\/strong>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. <\/p>\n

WORTH NOTING FROM DAY 1- <\/p>\n

Egyptian officials meet with the IMF head ahead of anticipated loan agreement <\/strong>announcement: <\/strong>A delegation led by Prime Minister Moustafa Madbouly met with IMF Managing Director Kristalina Georgieva to discuss the long-stalled reviews of Egypt\u2019s USD 3 bn loan program, according to a cabinet statement<\/a> 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.<\/p>\n

ICYMI- <\/strong>Georgieva told reporters earlier this week that the Fund\u2019s first and second reviews of Egypt\u2019s loan program are in their final stages<\/a> and expected to be completed \u201cin a few short weeks.\u201d<\/p>\n

The Egyptian delegation also sat down with World Bank President Ajay Banga:<\/strong> 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<\/a> released after the meeting. The meeting also touched on the role of the World Bank\u2019s International Finance Corporation, which was named<\/a> as a strategic advisor to the state asset sale program last year. <\/p>\n

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

ALSO FROM THE SUMMIT-<\/strong>Madbouly <\/strong>took the stage for a 10-minute speech<\/a><\/strong>, where he touched on the private sector\u2019s role in the economy and Egypt boosting its renewables capacity. <\/p>\n

AND- Every country needs its own AI infrastructure, says <\/strong>Nvidia boss:<\/strong>Nations \u201cmust 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. \u201cIt\u2019s not that costly. It\u2019s also not that hard,\u201d Huang added (watch, runtime; 23:57<\/a>).<\/p>\n

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TO LOOK OUT FOR TODAY-<\/p>\n

Panels to watch out for today: <\/strong>More Egyptian Ministers and officials are taking the stage for the second day of the summit. <\/p>\n