The Minister of Planning calls for expanding the scope of the partnership between Africa and international institutions
Minister of Planning, Economic Development and International Cooperation, Dr. Rania Al-Mashat, stressed the importance of expanding the scope of the partnership between the African continent, international institutions and multilateral development banks, in order to support development efforts on the continent, noting the importance of the step taken by the International Monetary Fund last year, and its approval. To increase the representation of the Sub-Saharan African region.
This came during her speech at the session held by the “Africa House” Forum. To discuss the future of development on the continent of Africa, within the context of its participation in the work of the World Economic Forum 2025, which is being held in Davos, Switzerland, under the slogan “Cooperation for the Smart Age,” during the period from 20 to 24 January.
She also pointed out the importance of addressing the debt burden that the continent suffers from in order to free resources to achieve development, which is what the international community is discussing in international forums and was a main focus of discussion at the Future Summit. It will also be His research at the Fourth International Forum on Financing for Development in Spain this year.
She added that restructuring the global financial system has become an indispensable necessity in order to make more financial resources available to developing and emerging countries and the continent. Africa is at its forefront, which enhances sustainable and comprehensive development efforts.
In another context, the Minister of Planning, Economic Development and International Cooperation called on the countries of the continent to exploit the available resources as the continent enjoys With huge human resources and natural wealth that must be optimally exploited, she added that integration between the countries of the continent can represent a way towards maximizing benefit, achieving development and exchanging expertise and development experiences.
Africa is considered the House» Africa House is a platform specialized in connecting visionaries across the continent, launching initiatives and encouraging alliances aimed at achieving a qualitative impact on the continent’s development efforts.
It is noteworthy that Africa House chose Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, as co-chair of the forum held during the “Davos” activities. 2025, along with Wamikele Minni, Secretary-General of the African Continental Free Trade Agreement (AfCFTA).
On the other hand, Dr. Rania Al-Mashat participated in the discussion session organized by the Economic Forum Global, under the title “Reshaping Economies”, within the framework of its participation in the work of the World Economic Forum 2025, which was held in Davos, Switzerland, under the slogan “Cooperation from Yes, the Smart Age,” during the period from January 20 to 24.
In her speech, Dr. Rania Al-Mashat explained that in light of the multiple global crises, the need to Political reforms and structural transformations in emerging and developing economies, especially with rising calls for a just transition to flexible and green economies.
Al-Mashat referred to the United Nations report on The Global Economic Situation and Prospects (2025), which expects global economic growth to remain at 2.8% in 2025, indicating that lower inflation and a shift towards monetary easing policies would represent a boost to economic growth globally, and achieve a positive impact on emerging markets.
And I talked about the “Middle Income Trap” report. Issued by the World Bank Group, which shows that 75% of the world’s population lives in middle-income countries, including about 66% of people living in extreme poverty, also referring to the World Economic Forum’s report on the future of growth, which shows that global growth It has been slower in the past decade compared to previous decades, and the post-pandemic recovery is losing momentum.
She continued that the "middle income trap" It refers to a situation in which countries experience rapid growth and move from low-income to middle-income status, but then struggle to reach the high-income stage, adding that economies stuck in the middle-income trap often face slow productivity growth, weak infrastructure, weak institutions, and a lack of Technological innovation, and these countries also face difficulties in diversifying their economies and moving away from dependence on low-wage and low-skilled industries.
It reviewed a number of recommendations to get out of that trap. And accelerating growth, pointing to the recommendations of the World Bank report, which include strategic adjustment of economic policies related to investment, flow, and innovation and focusing on increasing investment through reforms such as determining government spending.
She stressed Al-Mashat stressed the need for countries to diversify their economies away from primary industries and low-value manufacturing, adding that developing exports of higher-value products and services, especially in sectors such as technology, knowledge-based industries, and advanced manufacturing, is essential, with the need to invest in infrastructure across the country. Long term, reforming regulatory frameworks, and ensuring that the economic benefits are comprehensive to avoid social tensions and stagnation.
She also stressed the need to focus on qualitative growth that refers to economic development that It focuses not only on increasing GDP but also on improving incomes, environmental sustainability, and social justice.
Several high-level officials participated in the session, including Lord Nicholas Stern. Head of Institute Grantham Climate Change and Environment Center, London School of Economics and Political Science, UK, Andrzej Domanski, Polish Minister of Finance, Dorjakhan Tugmed, Deputy Prime Minister of Mongolia, Amani Abu Zeid, Commissioner for Infrastructure, Energy and Digitization at the African Union Commission, Santiago Paucelli, President of the Central Bank of Argentina, and others. Representatives of governments, development partners and the private sector.
