Minister of Investment and International Cooperation
Minister of Investment and International Cooperation Sahar Nasr was sworn in on February 16, 2017. One month later, Nasr temporarily assumed charge of the Ministry of the Public Business Sector.
Nasr earned her professorship from the Supreme Council of Universities. She graduated from The American University in Cairo with a Bachelor of Arts in economics in 1985 with highest honors and a Master of Arts in economics in 1990. She is currently a professor of economics at AUC and a lecturer at several Egyptian and foreign universities. Throughout her academic career, she has published more than 60 research papers, technical reports and books, merging her technical and practical expertise in the fields of international finance, economic development, private sector and small and medium enterprise (SME) development, as well as financial reform, the labor market, women’s empowerment and economic legislation. These papers and reports were published in scientific periodicals, and have contributed to the structuring of economic policies in various developing countries and emerging markets, including Egypt.
Since assuming her role as minister of international cooperation on September 19, 2015, Nasr has made several strides in restructuring and reforming the ministry. These include the establishment of a unit for monitoring and evaluation, in addition to a policy development and strategic planning unit in order to increase the efficiency of official development assistance to Egypt.
Furthermore, Nasr has focused on strengthening Egypt’s ties with its existing international partners and exploring new opportunities for cooperation through the establishment of mutually beneficial partnerships. This has involved consolidating Egyptian-Gulf relationships, expanding and deepening ties with African states, and exploring new relationships with Asian partners.
Nasr is the national coordinator of the National Committee for the Follow-Up on the Implementation of the Sustainable Development Goals. Nasr also serves as Egypt’s governor to several institutions, such as The World Bank, European Bank for Reconstruction and Development, Arab Bank for Economic Development in Africa and Asian Infrastructure Investment Bank.
As a member of the Presidential Office’s Economic Development Council, Nasr provided economic consultations to the Egyptian president and drafted several proposals for the development of country’s economic policies. In recognition of her accomplishments, the Union of Arab Banks and World Union of Arab Bankers granted Nasr the 2015 prize as the most influential woman in the Arab economic sector.
Nasr has extensive experience in negotiating and securing international grants and loans, especially within her role as lead economist at The World Bank. She has managed funds exceeding $4.3 billion, injected into the Egyptian economy in the areas of economic reform, economic policy development, SME development and social housing.
Nasr’s career has involved designing and supervising numerous reform and finance programs around the globe, in addition to her influential work in Egypt. She has made significant strides in areas of economic development, including the development of micro, small and medium enterprises to promote inclusive growth and job creation. She also constructed partnership schemes between The World Bank Group, governments of a diverse group of developing countries, and other local and international organizations.