2024/04/19

Al Mashat: Government implements measures to empower private sector

Minister of International Cooperation and Governor of Egypt for the World Bank Group, Dr. Rania Al Mashat participated in the "Rethinking Economic Policy: Structural Change" conference, organized by the Peterson Institute for International Economics, one of the leading research centers in the United States, in cooperation with the International Monetary Fund.

The conference focused on the global current economic situations and the experiences of countries in implementing policies to enhance macroeconomic stability and structural reforms.

The conference was inaugurated by President of the Peterson Institute for International Economics, Adam Pison and Managing Director of the International Monetary Fund, Kristalina Georgieva.

Dr. Rania Al Mashat participated in a panel discussion alongside distinguished guests: Professor of International Economics at the University of Indonesia and Member of the Peterson Institute Advisory Council, Dr. Mari Pangestu, and former European Commissioner for Home Affairs and Senior Fellow at the Peterson Institute for International Economics, Ms. Cecilia Malmström.

The panel discussion also included the participation of Member of the Council of Economic Advisers, Office of the President of the United States, Ms. Heather Boushey.

The conference witnessed broad participation from academics, researchers, government representatives and international organizations. A book is planned to be published containing the contributions of the conference speakers on structural and economic reform policies and the experiences of different countries.

In her address, Dr. Al Mashat underscored the critical need for structural change and economic policy reform in the face of the world's interconnected crises. She emphasized the importance of these measures for developing countries and emerging economies, and redefining priorities. She clarified that the structural reforms and macroeconomic stabilization policies are reinforcing strategies for growth and stability.

In her presentation, the minister highlighted the role of economic stabilization policies in addressing short-term imbalances, while structural reforms ensure support for the steadfastness and flexibility of the economy. They also lay the groundwork for long-term stability, which safeguards the economy against external shocks and helps mitigate imbalances.