Treasury secretary hails Egypt’s social housing projects as he meets PM

US Treasury Secretary Steven Mnuchin meets with Egypt's Prime Minister Mostafa Madbouly; Sahar Nasr, Egypt's minister of investment and international cooperation; Mohammed Mai't, Egypt's minister of finance; and Yasser Reda, Egypt's Ambassador to Washingt

US Treasury Secretary Steven Mnuchin said he was pleased with the growing cooperation between the US and Egypt, calling Egypt’s achievement concerning the implementation of social housing projects “impressive,” the Egyptian Cabinet said in a statement on Wednesday.

This came during Mnuchin’s meeting with Egypt’s Prime Minister Mostafa Madbouly in Washington. The meeting was also attended by Sahar Nasr, Egypt’s minister of investment and international cooperation; Mohammed Mai’t, Egypt’s minister of finance; and Yasser Reda, Egypt’s Ambassador to Washington.

With regard to bilateral cooperation, Nasr reviewed the outcome of the Madbouly’s meeting with the President of the International Finance Corporation, referring to the areas of cooperation that have been agreed upon to be activated in terms of transport, water desalination and the electricity linkage with Africa.

The meeting also touched on the efforts exerted by the US to limit the negative consequences of the Turkish aggression on the Syrian territory and the sanctions announced by the Treasury against Turkey in this regard.

Madbouli reiterated Egypt’s strong condemnation of the Turkish assault and demanded the immediate withdrawal of Turkish troops from Syria.

On Tuesday, Madbouli also met with Vice President of the US Mike Pence, where they affirmed the centrality of the Egyptian-US relations, and also discussed the Turkish offensive in Syria that has continued for a week, despite wide condemnation.

Madbouli and Pence also discussed the political updates of the issue of the Grand Ethiopian Renaissance Dam (GERD), according to official statements.

Egypt Today

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