NIB, Egypt post collaborate to enhance financial stability

Minister of Planning and International Cooperation, Rania Al-Mashat, and Minister of Finance, Ahmed Kouchouk, have collaborated to address the financial complexities between the National Investment Bank (NIB) and Egypt Post, underlining the government's broader initiative to streamline financial operations across state entities.

 

This partnership aims to strengthen the NIB's pivotal role as a key economic and investment driver crucial for advancing development goals.

 

Both ministers have reaffirmed their commitment to enhancing consultations among relevant bodies and expediting actions to untangle the financial intricacies between the NIB and Egypt Post. This joint endeavor is expected to generate significant benefits for the national economy, aligning with the directives of Prime Minister Mostafa Madbouly.

 

Highlighting the importance of resolving financial issues among government bodies, the ministers seek to reassure the business community and enhance financial efficiency across sectors. Previous successful efforts have addressed social insurance debts and established protocols for managing financial relationships between the NIB and the National Bank of Egypt.