Minister of International Cooperation Rania Al-Mashat - Press Photo
CAIRO - 20 January 2022: The Minister of International Cooperation, Rania Al-Mashat held a meeting with Ambassador of Algeria Hamid Shabira at the headquarters of the Ministry of International Cooperation to review the results of previous sessions of joint committees.
During the meeting, the Minister of International Cooperation noted that Egypt seeks to strengthen bilateral cooperation with regional partners and optimize the mutual benefits that both countries can obtain through this partnership.
The Minister underscored the importance of reinvigorating the role of the Joint Higher Committee, as the last session was held in 2014, which reflects Egypt’s keenness to cooperate through a country-led engagement framework and joint committees.
During the meeting, the Minister of International Cooperation highlighted the Ministry’s 2021 annual report, titled ‘Engaging for Impact Towards Our Common Future’. The report goes into further detail the groundwork behind total development financing agreements that were signed in the past year, which are worth 10.2 billion dollars, including 8.7 billion dollars for the public sector, and 1.56 billion dollars for the private sector.
The Minister referred to the Ministry of International Cooperation’s mandate issued by the Decree of the President of the Republic of Egypt, No. 303 of 2004, which outlines a mission that clearly defines the importance of sustainable, inclusive development, innovative financing, efficient and effective monitoring of development projects, and continuous cooperation with development partners and all stakeholders.
The mandate includes; 1) developing and strengthening the economic cooperation between the Arab Republic of Egypt and other countries as well as international and regional organizations; 2) proposing the criteria for obtaining external financing; both funds and grants; 3) following-up and monitoring ministries and national agencies that benefit from foreign financing within the framework of the general economic policy of the country to ensure achieving the economic development goals; and 4) managing Egypt’s economic relations with international organizations of economic cooperation, the international financial institutions and specialized agencies of the UN.
For his part, the Ambassador of Algeria echoed the Minister’s objectives in strengthening bilateral cooperation, which reflects the already existing partnership between the two countries.
The annual report of the Ministry of International Cooperation for the year 2021, which was launched under the title "Engaging for Impact Towards Our Common Future", revealed the results of the joint committees that were held during the past year between Egypt, Jordan, South Sudan, Libya and Ukraine.