Monday , April 19 2021

12 recommendations for the "Public-Private Partnership"

The Union of Arab Banks issued a series of recommendations issued at the end of the 24th session of the annual conference of the Union of Arab Banks, held in Beirut, Lebanon, on 15 and 16 November under the title "Public-Private Partnership to Reach Sustainable Development Goals ". "On the occasion of the 45th anniversary of the founding of the Union, Dr. Hala Al-Said, Minister of Planning, Monitoring and Administrative Reform of the Arab Republic of Egypt, represented the work of the conference.

The recommendations of the 12-member conference were intended to support the financing and development of economic infrastructures and industrial free zones, linking them to entrepreneurship programs and how to support public-private partnerships to achieve sustainable development goals. The sixth and eighth recommendations dealt with the provision of sustainable financing. Environment, climate change and the scarcity of natural resources in the programs of banks and financial institutions, as well as the adoption by Arab governments of a serious approach to a digital society and stimulate and encourage the use of modern electronic payment methods, in addition to achieving For the partnership between the public and private sectors, as one of the pillars for achieving comprehensive and sustainable economic and social development to confirm these recommendations on what Egypt called during Said's speech at the Arab Bankers Conference of 2018.

Al-Saeed stressed the importance of the conference, noting that it intends to develop a road map to address the economic and social challenges of the Arab region, and to highlight the contribution of the Arab private sector in financing sustainable development in various ways, mobilizing financial resources, mainly of the Arab banking sector. The conference aims to clarify the relationship between sustainable development and public-private partnerships, focusing on NEPAD's role in achieving sustainable development.

The conference was attended by nearly 1,000 banking and financial figures, central bank governors and ministers of planning, finance and economics of all Arab countries.

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