Finance minister heads for US to take part in WB, IMF meetings

CAIRO, April 9 (MENA) – Minister of Finance Mohamed Maait left on Tuesday for Washington to take part in the spring meetings of the International Monetary Fund (IMF) and World Bank, due to kick off on Thursday and run for five days.

A statement released by the Ministry of Finance on Tuesday said Maait will meet with IMF Director General Christine Lagarde, a number of governors of central banks and finance ministers along with heads of regional funding institutions in the Middle East region and representatives of the civil society organizations and senior officials of the private sector from various world countries.

On the fringe of IMF, WB spring meetings, Maait will also meet with the finance and economic planning minister of South Sudan to discuss means of bolstering relations along with peace-related issues.

The minister is also set to meet with UN deputy secretary general to probe means of funding sustainable development objectives and reviewing reform plans and funding strategies.

Maait and his accompanying delegation will take part in the round-table meetings with international organizations and companies and also attend the special meetings of the Group of 20.

The minister is also scheduled to meet with a number of international credit foundations such as Fitch, Standard and Poor’s and Moody’s.

The Egyptian delegation will also meet with a group of investors and banks including Standard and Chartered, BNP Paribas and Merrill Lynch to review the outcome of the Egyptian economic reform program and its positive impact on the performance reports issued by various financial credit rating foundations.