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Egypt, Japan discuss deepening strategic partnership at World Bank, IMF Spring Meetings

by vergexpress

Egypt’s Minister of Worldwide Cooperation, Rania A Al-Mashat, met with representatives from the Japan Worldwide Cooperation Company (JICA) to debate strengthening the strategic partnership between the 2 international locations.

This got here on the sidelines of the World Financial institution Group and Worldwide Financial Fund Spring Conferences.

The discussions highlighted key areas of collaboration, together with Common Well being Insurance coverage, as each side emphasised the significance of Japan’s help for Egypt’s Common Well being Insurance coverage System (UHIS).

The assembly underscored the significance of joint efforts to spice up funding in sectors like well being and schooling.

The 2 sides additionally mentioned Egypt and JICA’s collaboration on supporting Egypt’s shift in the direction of a inexperienced financial system.

Al-Mashat expressed appreciation for the longstanding cooperation between Egypt and JICA, which displays a shared imaginative and prescient for growth and addressing widespread challenges.

She highlighted profitable partnerships in infrastructure growth, healthcare, and schooling, together with tasks associated to metro traces and renewable power initiatives.

The assembly additionally addressed plans for a JICA technical mission to Egypt in April 2024 to discover future cooperation alternatives. Moreover, each events agreed to carry an annual Egyptian-Japanese coverage dialogue within the latter half of 2024 to additional strengthen bilateral relations throughout varied fields.

This assembly comes on the heels of the April 2023 resolution to raise Egyptian-Japanese relations to a strategic partnership. This improve displays a qualitative leap in recent times, marked by high-level visits and joint initiatives.

Al-Mashat and JICA representatives additionally explored avenues for additional collaboration in areas like funding, commerce, schooling, and know-how.

Japan is a key Asian growth accomplice for Egypt, with a cooperation portfolio exceeding $3bn since 2010.

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