Latest news with #G20DevelopmentMinisters'Meeting
Daily News Egypt
28-07-2025
- Business
- Daily News Egypt
Egypt, UK deepen economic, development ties ahead of Madbouly's visit to London
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, held talks with UK Minister of State for International Development, Baroness Jenny Chapman, on the sidelines of the G20 Development Ministers' Meeting in South Africa. The meeting focused on advancing bilateral cooperation in trade, investment, and global development reform ahead of the upcoming visit by Egyptian Prime Minister Mostafa Madbouly to the UK. Both officials underscored the strategic significance of the visit, describing it as a pivotal step toward transforming Egyptian-British relations into a deeper partnership. The visit also aligns with Egypt's broader push to strengthen ties with the European Union. Discussions centered on reforming global financial systems to make them more inclusive and accessible for developing countries. The ministers stressed the urgency of implementing international recommendations for greater transparency in financing and called for reforms to the UN's development frameworks to ensure stronger national ownership and coordination. Al-Mashat highlighted Egypt's expanding collaboration with the UK in key areas such as food security, entrepreneurship, and SME development. She noted that the UK remains one of Egypt's top foreign investors, with significant engagement in energy, telecommunications, pharmaceuticals, and consumer goods. The meeting also reviewed the role of key British financial institutions—including the World Bank, UK Export Finance (UKEF), and British International Investment (BII)—in supporting Egypt's development priorities. BII, which considers Egypt a key market, is actively investing in areas like renewable energy and infrastructure. The ministers acknowledged the contribution of the British-Egyptian Business Association (BEBA) and the Egyptian-British Chamber of Commerce (EBCC) in fostering stronger commercial links. Al-Mashat outlined the forthcoming launch of Egypt's 'National Narrative for Economic Development,' a strategic initiative aimed at accelerating structural reforms, boosting industrial output, and attracting foreign direct investment. She emphasized that economic measures introduced since March 2024 have stabilized the macroeconomic environment and improved investor confidence. Climate cooperation was also a major theme, with discussions on Egypt's NWFE (Nexus of Water, Food, and Energy) platform and BII's role in financing green hydrogen and clean energy projects. The UK's support for global climate funds—including the Climate Investment Funds (CIF) and the Green Climate Fund (GCF)—was noted, along with the joint 'Green Growth: Egypt–UK' initiative, which continues through COP30. Baroness Chapman reaffirmed the UK's commitment to its partnership with Egypt, praising Cairo's historical and humanitarian leadership—particularly its role in supporting Gaza. She also reiterated the UK's call for a sustainable ceasefire to ensure unimpeded humanitarian aid. The meeting concluded with a shared commitment to deepening economic and development cooperation and advocating for global financial reforms that empower developing countries.
Time of India
26-07-2025
- Business
- Time of India
MoS Pabitra Margherita invites South Africa to join International Solar Alliance
Union Minister of State for External Affairs, Pabitra Margherita , on Friday met with South African Minister of the Department of Planning, Monitoring and Evaluation, Maropene Ramokgopa and invited the nation to join the International Solar Alliance and Coalition for Disaster Resilient Infrastructure . Margherita expressed India's support for the priorities of the South African presidency. In a post on X, he said, "Glad to meet Maropene Ramokgopa, Minister of DPME, South Africa. Expressed India's support for the priorities of the South African presidency and emphasized the importance of critical minerals and debt sustainability for Africa. Also invited South Africa to join the International Solar Alliance and Coalition for Disaster Resilient Infrastructure." Earlier on Thursday, he met Thani Mohamed-Soilihi Minister of International Partnerships of France on the margins of G20 Development Minister's Meeting. In a post on X, he said, "It was a pleasure to meet Thani Mohamed-Soilihi, Minister of International Partnerships of France on the margins of G20 Development Minister's Meeting. Discussions were held on 4P and continuing our common interest in AI, reform of international financial architecture, and disaster resilience." Margherita is in South Africa to attend G20 Development Ministers' Meeting under the South African G20 Presidency. In a post on X, he said, "Arrived at Kruger National park, Mpumalanga South Africa to attend G20 Development Ministers' Meeting under the South African G20 Presidency. Looking forward to meaningful engagements with stakeholders from G20 members and invited countries to discuss key development issues facing the world." South Africa will hold the G20 Presidency from 1 December 2024 to 30 November 2025, only five years before the deadline of the United Nations (UN) 2030 Agenda. South Africa's G20 Presidency takes place when the world is facing a series of overlapping and mutually reinforcing crises, including climate change, underdevelopment, inequality, poverty, hunger, unemployment, technological changes and geopolitical instability.
Canada News.Net
25-07-2025
- Business
- Canada News.Net
MoS Margherita participates in G20 Development Ministers' Meeting, speaks of India's role in ensuring social protection
Cape Town [South Africa], July 25 (ANI): Union Minister of State for External Affairs, Pabitra Margherita, on Friday participated in the first session of the G20 Development Ministers' Meeting on Combating Illicit Financial Flows and Social Protection. Margherita emphasized the need to bridge the Sustainable Development Goals financing gap. In a post on X, he said, 'Participated in the first session of the G20 Development Ministers' Meeting on Combating Illicit Financial Flows and Social Protection today. Highlighted India's key achievements in ensuring inclusive Social Protection for all and emphasized the need to bridge the SDG financing gap.' Earlier in the day, Margherita met with South African Minister of the Department of Planning, Monitoring and Evaluation, Maropene Ramokgopa and invited the nation to join the International Solar Alliance and Coalition for Disaster Resilient Infrastructure. Margherita expressed India's support for the priorities of the South African presidency. In a post on X, he said, 'Glad to meet Maropene Ramokgopa, Minister of DPME, South Africa. Expressed India's support for the priorities of the South African presidency and emphasized the importance of critical minerals and debt sustainability for Africa. Also invited South Africa to join the International Solar Alliance and Coalition for Disaster Resilient Infrastructure.' Earlier on Thursday, he met Thani Mohamed-Soilihi Minister of International Partnerships of France on the margins of G20 Development Minister's Meeting. In a post on X, he said, 'It was a pleasure to meet Thani Mohamed-Soilihi, Minister of International Partnerships of France on the margins of G20 Development Minister's Meeting. Discussions were held on 4P and continuing our common interest in AI, reform of international financial architecture, and disaster resilience.' Margherita is in South Africa to attend G20 Development Ministers' Meeting under the South African G20 Presidency. In a post on X, he said, 'Arrived at Kruger National park, Mpumalanga South Africa to attend G20 Development Ministers' Meeting under the South African G20 Presidency. Looking forward to meaningful engagements with stakeholders from G20 members and invited countries to discuss key development issues facing the world.'
Canada News.Net
25-07-2025
- Business
- Canada News.Net
MoS Margherita invites South Africa to join International Solar Alliance
Cape Town [South Africa], July 25 (ANI): Union Minister of State for External Affairs, Pabitra Margherita, on Friday met with South African Minister of the Department of Planning, Monitoring and Evaluation, Maropene Ramokgopa and invited the nation to join the International Solar Alliance and Coalition for Disaster Resilient Infrastructure. Margherita expressed India's support for the priorities of the South African presidency. In a post on X, he said, 'Glad to meet Maropene Ramokgopa, Minister of DPME, South Africa. Expressed India's support for the priorities of the South African presidency and emphasized the importance of critical minerals and debt sustainability for Africa. Also invited South Africa to join the International Solar Alliance and Coalition for Disaster Resilient Infrastructure.' Earlier on Thursday, he met Thani Mohamed-Soilihi Minister of International Partnerships of France on the margins of G20 Development Minister's Meeting. In a post on X, he said, 'It was a pleasure to meet Thani Mohamed-Soilihi, Minister of International Partnerships of France on the margins of G20 Development Minister's Meeting. Discussions were held on 4P and continuing our common interest in AI, reform of international financial architecture, and disaster resilience.' Margherita is in South Africa to attend G20 Development Ministers' Meeting under the South African G20 Presidency. In a post on X, he said, 'Arrived at Kruger National park, Mpumalanga South Africa to attend G20 Development Ministers' Meeting under the South African G20 Presidency. Looking forward to meaningful engagements with stakeholders from G20 members and invited countries to discuss key development issues facing the world.' South Africa will hold the G20 Presidency from 1 December 2024 to 30 November 2025, only five years before the deadline of the United Nations (UN) 2030 Agenda. South Africa's G20 Presidency takes place when the world is facing a series of overlapping and mutually reinforcing crises, including climate change, underdevelopment, inequality, poverty, hunger, unemployment, technological changes and geopolitical instability. (ANI)
