Water Summit in Budapest – Economy minister meets leaders of world orgs

Budapest (MTI) – Economy Minister Mihály Varga met senior officials of several global organisations and institutions on the sidelines of the Budapest World Water Summit, which opened on Monday.

The minister held talks with Joaquim Levy, Managing Director of the World Bank, Nikolai Kosov, Board Chairman of the International Investment Bank (IIB), and Taizo Nishikawa, Deputy Director-General of UNIDO.

As a country with deep expertise in water management and rich water resources, Hungary can play an active and global role in cooperating with countries with a stake in sustainable development, Varga said after talks with Levy.

The minister highlighted several Hungarian companies with long-standing experience in water management, which he said could be involved in global projects funded by the World Bank. Varga and Levy agreed that the World Bank would be involved in promoting related international development programmes.

Varga and Kosov discussed IIB’s strategy for the 2017-2022 period. The minister agreed with IIB’s new guidelines which places greater emphasis on directly financing investment projects for both small and medium-sized firms and the public sector.

Varga and Nishikawa discussed Hungary’s strategy for re-industrialisation aimed at the country becoming one of the most industrialised members of the European Union by 2020. Nishikawa confirmed UNIDO’s support for the strategy.

Photo: MTI

Source: MTI