Egypt's finance minister heads for Washington to attend WB, IMF meetings

According to a statement released by the Finance Ministry, Maait is scheduled to hold talks with the World Bank officials on taxes and customs to facilitate trade operations.

The finance minister will also meet with COMESA finance ministers and central bank governors to discuss the latest economic situation in the member states, it added.

He is due to convene with the finance ministers of Kuwait and South Sudan to probe means of fostering bilateral cooperation and increasing joint investments, the statement read.

The minister and his accompanying delegation are scheduled to meet with senior officials from a number of international banks, including Deutsche Bank, Standard & Poor's, Standard Chartered, Emirates NBD and HSBC to review the future outlook on the country's economy, by presenting the latest projections for growth rates and the balance of payments, in addition to inflation and interest rates, the statement noted.

He is to meet with the head of UK's Royal Mint to discuss boosting bilateral cooperation in the field of coin minting, the statement said.

The finance minister will convene with international credit rating institutions, including Fitch and Moody's to address the current Egyptian economic situation, in addition to holding meetings with finance ministers and bank governors of the G20 and Golden Man Sachs Group, the statement added.

The minister will also meet with a delegation from the Organization for Economic Co-operation and Development and Morgan Stanley to discuss the progress made in macroeconomic, as well as means of attracting further foreign investments and achieving balance between investment in treasury bills and bonds, besides the issuance of domestic bonds against international issues.

On the sidelines of the IMF meetings, the Global Market will honor Maait as the best finance minister in the Middle East and North African for 2019.