The President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, will visit Egypt on 7 September to attend high-level meetings with the authorities and take part in the International Cooperation Forum (ICF) in the country’s new administrative capital.

President Renaud-Basso will speak during the opening session and at the roundtable Egypt Country Platform for Nexus on Water, Food and Energy (NWFE نوفي) Program – The Energy Pillar, organised jointly by the Ministry of Investment and International Cooperation and the EBRD.

During the forum she will also meet the President of Egypt, Abdel Fattah El Sisi, the Minister of Investment and International Cooperation, EBRD Governor, Rania Al-Mashat, and Minister of Finance, Mohamed Maait.

Ahead of her visit, President Renaud-Basso said: “We welcome the goal of the International Cooperation Forum, and we strongly support Egypt’s Nexus on Water, Food and Energy Programme for COP27. We are proud that the EBRD is leading the energy pillar of this programme, supporting Egypt’s green energy transition.

“Egypt is an energy superpower for the new world emerging from the green transition. This creates huge opportunities to shift away from reliance on gas and to open up new industries such as desalination, green hydrogen, green fertiliser or green steel,” she added.

The EBRD delegation at the forum will include Vice President for Policy and Partnership, Mark Bowman; Vice President for Finance, Soha el Turky; Managing Director for Climate Strategy and Delivery, Harry Boyd-Carpenter; Managing Director for Sustainable Infrastructure, Nandita Parshad; Managing Director for the Southern and Eastern Mediterranean Region, Heike Harmgart; and Director for Egypt, Khalid Hamza. 

Egypt is a founding member of the EBRD. Since the start of its operations there in 2012 the Bank has invested close to €10 billion in 152 projects across the country.