Ministry of International Cooperation
During the first day of the annual meetings, President El-Sisi emphasized the need for additional low-cost funding for emerging countries in light of the global economic challenges
The package is divided to $400 million for the National Bank, $100 million for Banque Misr, and €30 million euros for Mediterrania Capital fund, which accounts for more than $32 million.
The agreement will implement the first phase of the project to support e-government and innovation In the Public Administration (INNOPA), with a grant of €8 million out of a total of €17.5 million.
The project provides its services to about 12 million people in the first and second phases, and the third phase provides services to about 5.5 million people
Al-Mashat thanked the World Bank team for their efforts over the past period in preparing the partnership in cooperation with the ministry.
Egypt’s Ministry of International Cooperation reviewed, Monday within the 2022 International Monetary Fund and the World Bank Group annual meetings most Important aspects of the Development Cooperation between Egypt and the World Bank Group.
Egypt’s Ministry of International Cooperation and the European Union organized a ceremony, Monday to sign a number of development financing grants within the framework of the Egyptian-European partnership
Ismail made the statements during the launching ceremony of the recently announced partnership between the Egyptian Ministry of International Cooperation and CNN.
The report highlighted the Ministry’s country-led multi-stakeholder engagement framework and delves into four main areas of work that envisage an inclusive, green and digital future, according to the Ministry.
During 2021, a training course on effective management of development finances was implemented in partnership with the Korean International Cooperation Agency (KOIKA) and the Korean Institute for Development Strategies (KDS), for the research and technical teams in the Ministry.
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22 percent of these funds are dedicated to housing and wastewater management, while 19 percent is dedicated to energy and transportation.
The ministry noted that this fund came as an Egyptian partnership with several financing institutions (the Saudi Fund for Development, the Kuwaiti Fund for Arab Economic Development, the Arab Fund for Economic and Social Development).
The report clarified that more than $6.7 billion secured for financing sovereign projects and $3.1 billion in support of the private sector.
The report reviews all the work done by the Ministry of International Cooperation in terms of cooperation with various government agencies and multilateral and bilateral development partners to provide funds in support of the National Agenda and the 2030 UN Sustainable Development Goals (SDGs).
In the context of H.E. President Abdel Fattah El- Sisi visit to France to strengthen bilateral relations, Egypt’s Ministry of International Cooperation, in collaboration with the French Development Agency, released a 60 second short visual film celebrating forty-six years of partnership and its impact on the development of Egypt.
“The most important areas of cooperation between the two countries are in the sectors of communications, construction, finance, services, tourism, industry and agriculture."
Al Mashat, held the first coordination meeting for Kitchener Drain Depollution project worth 408 million euros to improve water quality and the health and environmental situation of the people living in the area.
Dr. Rania Al-Mashat, Minister of International Cooperation, affirmed that the ministry is seeking, through multistakeholder platforms with all development partners, to coordinate and prioritize financing for projects in the agricultural sector to achieve food security and reduce food waste.
Minister of International Cooperation, Dr. Rania Al-Mashat, asserted that the ministry seeks to apply the principles of economic diplomacy to serve human ends and goals and foster purposeful and meaningful partnerships that implement developmental projects that are in line with the 17 goals of sustainable development.
