Egypt’s Minister of Planning, Economic Development, and International Co-operation, Rania Al-Mashat, has urged the international community to take decisive action to alleviate the mounting financial pressures facing developing countries, particularly in Africa.
Speaking at the UN ECOSOC Forum on Financing for Development in New York, Al-Mashat highlighted the urgent need for enhanced debt solutions and reduced financing costs.
Al-Mashat emphasized that limited fiscal space, compounded by difficulties in accessing concessional finance, is hindering the progress of many nations. She stressed the critical role of transparent reform programs and the development of bankable projects in building investor confidence and securing affordable…
