The Egyptian minister of Finance, Hani Kadry Dimian participates with an official delegation in the annual meetings of the International Monetary Fund (IMF) and the World Bank.
The meetings are expected to begin on Friday, the 9 October and will end next Sunday 11 October and are hosted in Lima, the capital of Peru.
The minister will attend a number of significant meetings that will be held in the margin of the World Bank Group meeting.
The minister will attend a meeting with the officials of the States participants at the “Deauville” partnership initiative, said the Ministry of Finance’s spokesperson, Ayman Alkaffas. German Minister of Finance, Wolfgang Schäuble, is expected to head the meeting.
The Deauville partnership initiative is an international effort launched by the G8 to support the countries in the Arab world engaged in transitions toward “free, democratic and tolerant societies”, according to the initiative website.
The partnership includes Canada, Egypt, France, Germany, Italy, Japan, Jordan, Jordan, Libya, Kuwait, Morocco, Qatar, Russia, Saudi Arabia, Tunisia, Turkey, the United Arab Emirates, the United Kingdom, the United States and the European Union.
Dimian will also attend meetings with high-level officials in international financial institutions and credit ranking institutions. The minister will meet a delegation from Standards and Poor’s and Moody’s Managing Director of Asia, Latin America and the Middle East, according to AlKaffas.
The minister is also expected to attend a number of closed meetings, including one with the IMF’s Managing Director, Christine Lagarde and meetings with finance ministers of MENA region states, AlKaffas added.
He added that the minister would hold meetings with a number of International Investment Banks’ Chairmen, such as HSBC, Bank of America, PNB Paribas in order to market for the Egyptian Economy.
Dimian will present the general finance’s regulation plans, the subsidy amendment plan, and the transformation to the value-added taxes.