Ministry of International Cooperation
The Seville Commitment outlines an ambitious roadmap focused on expanding fiscal space, supporting sustainable investment, and addressing sovereign debt vulnerabilities
Al-Mashat also explained that the Ministry is working to increase the private sector’s utilization of the Hub for Advisory, Finance & Investment for Enterprises platform
Minister of Planning, Economic Development and International Cooperation emphasized that the selection from a competitive pool of 26 applicant countries underscores international confidence in Egypt’s climate policies and green transformation agenda
Egypt’s structural reform efforts—particularly in renewable energy—have strengthened its investment climate and enabled access to innovative financing, says Al Mashat
This financing is a segment of a larger €7.4 billion agreement made between Egypt and the EU in March of last year.
Ukraine’s Minister of Agricultural Policy and Food Vitaliy Koval recently expressed the country’s interest in establishing a logistics zone in Egypt to facilitate Ukrainian exports to Africa.
This funding is part of a broader €5 billion support package from the EU, with €1 billion already received by the Egyptian government in December.
Since 2012, cooperation between the two has led to investments totaling €13.8 billion across 194 projects, with over 84 percent of these funds directed towards the private sector, according to Al Mashat.
The agreement, valued at $131 million, aims to bolster Egypt's economic diversification efforts and improve the business environment
She emphasized the importance of unlocking the sector’s vast potential by engaging the private sector and welcomed the IFC's expertise in this domain.
The discussions focused on expanding the cooperation portfolio and exploring new areas aligned with Egypt's governmental priorities.
Al Mashat presented the country’s recent economic and structural reforms, emphasizing the government's efforts to strengthen macroeconomic stability, enhance the business environment, and build a competitive, investment-friendly economy.
Held on the sidelines of the WB annual meetings in Washington on Thursday, their meeting discussed private sector financing, capital market development, and restructuring the global financial system.
A key focus of the meeting was on entrepreneurship, with Al-Mashat introducing Egypt's new Entrepreneurship Taskforce, aimed at supporting startups and creating a favorable business environment for this dynamic sector
Highlighting the alarming rise in debt levels among developing nations, she explained that this was exacerbated by soaring debt servicing costs that limit fiscal space for achieving sustainable development goals
On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's crucial role in advancing the continent's regional integration agenda and fostering trade and investment
Al Mashat spoke during a press conference earlier today to celebrate the government’s recent divestment from Tamweely Microfinance to an international consortium of investors
Al-Mashat emphasized the significant potential for economic, trade, and investment relations between the two countries, given their pivotal roles in the regional and global economy
Al Mashat noted the issue of financing gaps in development, advocating for blended finance approache that merge public and private investments and stressing that integrating multilateral development banks and governments is vital to advancing development goals
The discussions centered on expanding bilateral relations and bolstering partnerships, particularly in key sectors identified as priorities by Egypt
