Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation and Egypt’s Governor at the New Development Bank (NDB), participated in the the 9th annual meeting of the Bank’s Board of Governors, held under the theme “Investing in a Sustainable Future” from August 28 to 31 in Cape Town, South Africa.
The meeting was attended by Dilma Rousseff, President of the NDB and former President of Brazil, as well as the Governors of member countries, business representatives, and relevant stakeholders.
Minister Al-Mashat clarified that while the annual meetings of the New Development Bank are held under the theme “Investing in a Sustainable Future,” achieving this goal relies not only on individual country efforts but also on strong partnerships.
Egypt’s accession to BRICS this year signifies recognition of Egypt’s economic potential and reflects the alignment of visions and goals among BRICS countries to enhance inclusive growth through cooperation between emerging and developing markets.
Dr. Al-Mashat noted that with major emerging economies under the NDB, which is part of the BRICS grouping, Egypt is fully prepared to work alongside partner countries to advance South-South cooperation and contribute to mutual prosperity and global development. She highlighted that establishing institutional frameworks for cooperation among BRICS countries encourages efforts to attract more investments.
