Badr Abdel-Aati participated, Foreign Minister International cooperation and Egyptian expatriates were discussed at the 50th Annual Meeting of the Board of Governors of the Arab Bank for Economic Development in Africa, held virtually on Monday, May 4, as part of the joint meetings of Arab financial institutions. The Foreign Minister participated in the meeting in his capacity as Egypt's Governor to the Bank.

Egypt will assume the presidency of the Arab Bank for Economic Development in Africa during 2027.

The meeting witnessed the re-election of Egypt to occupy one of the two non-permanent seats on the Bank’s Board of Directors for the year (2026-2029), as well as the approval of the Governor of Egypt to the Bank to assume the chairmanship of the next meeting of the Board in 2027, as Minister Abdel-Aty stressed that this choice embodies the confidence of the brotherly Arab countries in the leadership of the Egyptian role and the ability to develop the tools of joint Arab action in a way that achieves mutual interests.

During the meeting, the Foreign Minister expressed pride in hosting the Bank’s meetings in 2024, stressing that Egypt will continue its full support for the Bank through its membership in the Board of Governors and the Administration, which will contribute to strengthening cooperation and achieving stability and prosperity in the African continent.

Minister Abdel-Aty also commended the bank's vital role in financing development projects in African countries and strengthening economic ties between Arab states and the African continent through technical support and private sector capacity building, as well as supporting and financing intra-Arab-African trade. The Foreign Minister also expressed his aspiration to enhance cooperation with the bank, which would contribute to revitalizing trade between Egypt and African countries, in coordination with Egyptian banking institutions and with the participation of the Egyptian private sector.