Ministry of International Cooperation

Al-Mashat stresses structural reforms' importance for long-term economic resilience

Thu, 18 Apr 2024 - 04:54 GMT

During her presentation, Minister Al-Mashat highlighted the distinction between short-term economic stability policies and long-term structural reforms

World Bank expected to disburse $1B from $6B package during H2 2024: Al Mashat

Thu, 18 Apr 2024 - 02:09 GMT

Egypt’s Minister of International Cooperation (MoIC), Rania Al Mashat, recently stated in an interview that the World Bank (WB) is expected to disburse $1 billion during the second half of 2024 as part of the $6 billion support package announced back in March

MOIC minister highlights challenges and efforts in achieving sustainable infrastructure development

Wed, 17 Apr 2024 - 02:49 GMT

Rania Al-Mashat, emphasized the crucial role of sustainable infrastructure in driving economic and social progress worldwide. However, she acknowledged the significant gap between the current global infrastructure needs and the projected spending by 2030, estimated at $15 trillion

African countries incurred $69B in debt service payments in 2023: Al-Mashat

Wed, 17 Apr 2024 - 02:25 GMT

Al-Mashat highlighted the potential of debt swaps to enhance countries' fiscal capacity, enabling them to expand investments in climate action

Climate funding must not overlook poverty eradication and shared prosperity goals: Al-Mashat

Wed, 17 Apr 2024 - 11:14 GMT

Al-Mashat called for a focus on supporting project structuring and bankability and addressed the G24 Governors

Minister of International Cooperation highlights World Bank's role in development financing

Tue, 16 Apr 2024 - 01:56 GMT

The Minister also discussed topics including the development policy financing program, cooperation in various fields such as attracting foreign investment and promoting industrial development, and support for social protection initiatives

Egypt’s Minister of International Cooperation, JICA meet during spring meetings

Tue, 16 Apr 2024 - 10:17 GMT

During the meeting, Minister Al Mashat expressed Egypt's gratitude for the ongoing cooperation with JICA, highlighting the alignment of visions and the commitment to strengthening joint efforts

Afreximbank provides Egypt with $30B in financing over past 5 years

Mon, 25 Mar 2024 - 01:14 GMT

During the meeting, they also discussed joint work in the field of food security and enhancing agricultural investment in Africa, in addition to various development fields

EBRD invests $95M in Egyptian banks, private sector during 2024

Sun, 03 Mar 2024 - 04:37 GMT

Over 80 percent of these investments were directed towards the private sector, resulting in the implementation of 174 projects across various development sectors

Egypt 'key partner' for EIB: Bank President

Tue, 27 Feb 2024 - 02:39 GMT

The purpose of the meeting was to discuss the EIB's financial and technical support for crucial investments that enhance economic opportunities for millions of Egyptians.

House of Representatives approves €80.5M grants from Germany, EIB for development projects

Mon, 26 Feb 2024 - 02:17 GMT

The funding will be divided into two parts: firstly, €28 million will be directed towards enhancing risk management and credit guarantee mechanisms, specifically tailored to meet the financing needs of small and medium-sized enterprises (SMEs). Secondly, €32 million will be allocated to support the Comprehensive Technical Education Initiative in Egypt

MOIC minister strengthens cooperation with EIB during visit to bank’s HQ

Mon, 26 Feb 2024 - 10:55 GMT

The purpose of the visit was to meet with the newly appointed President of the EIB, Calviño, and explore opportunities for enhancing collaboration and future joint efforts in line with the bilateral cooperation strategy between Egypt and the bank

Italy to provide €2 million to EBRD to support Egypt’s startups projects: MOIC

Sun, 25 Feb 2024 - 01:40 GMT

This collaboration was formalized through the signing of a cooperation protocol between the two entities, in the presence of the Ministry of International Cooperation (MOIC)

Minister Al-Mashat discusses private sector empowerment with IFC delegation

Wed, 14 Feb 2024 - 01:24 GMT

Egypt’s current cooperation portfolio with the IFC is to approximately $1.84 billion across multiple sectors, with an additional $26.8 million injected into private sector investments during January 2024

World Bank investments in Egypt amounts to $26B across 175 projects

Mon, 12 Feb 2024 - 11:29 GMT

Over the years, the bank has financed 175 projects in various sectors, such as infrastructure, human capital, and public sector reforms

Egypt, Switzerland begin preparations for 2025-2028 cooperation program

Sun, 04 Feb 2024 - 03:39 GMT

During the meeting, it was emphasized that the new program will build upon the existing Egypt-Swiss cooperation program that has been in effect from 2021 to 2024

Egypt, Italy forge strong agreements in diverse development sectors valued at €82M

Thu, 01 Feb 2024 - 05:38 GMT

Minister of MoIC, Rania Al-Mashat, recently met with Italian Deputy Minister of Foreign Affairs and International Cooperation, Edmondo Cirelli, to discuss bilateral cooperation programs and debt swap arrangements

MOIC signs two $19M grants within Framework of the Bilateral Cooperation Program with Switzerland

Sun, 14 Jan 2024 - 06:25 GMT

These grants aim to support the Ministry of Housing, Utilities, and Urban Communities in implementing the second phase of the drinking water management program in Upper Egypt and the sludge management project in Beni Suef

MOIC, NDB discuss cooperation across development sectors

Sun, 14 Jan 2024 - 05:46 GMT

The meeting primarily focused on advancing Egypt's green transition strategy, supporting efforts to increase investment in human capital, implementing green development projects, and discussing the NWFE platform

IMF Chief, US Secretary pledge support for Egyptian economy amidst challenging times

Wed, 10 Jan 2024 - 02:17 GMT

During the meeting, Secretary Yellen underscored the unwavering support of the United States for Egypt and its ongoing economic reform program