Funding
The ongoing portfolio of development cooperation for projects affiliated with the Ministry of Water Resources and Irrigation amounts to $668 million.
Those will be built by the UAE's AMEA Power.
This came in the light of multilateral cooperation efforts to support the State's development vision.
Chair of the African Union (AU) and President of Senegal Macky Sall said Monday most adaptation projects in Africa are funded through loans.
The meeting was attended by Egypt's prime minister, governor of the central bank, and the ministers of planning, finance, and international cooperation.
That was during a recorded speech at a roundtable on climate initiatives in Africa.
The Egyptian initiative includes holding five major regional roundtables.
Gamea noted that those entities created 2.5 million jobs.
Minister of Foreign Affairs and President Designate of COP 27 Sameh Shokry met Wednesday the African Group of Negotiators on Climate Change (AGN).
The COP 27 Champion pointed out that Africa’s contribution in emissions is just 3-4%.
Chargé D’Affaires at the U.S. Embassy in Cairo Nicole Shampaine stated Sunday that the United States had invested $80 billion in Egypt over the years
The minister presented some features of Egypt’s policies to face global economic crisis.
In addition, a mechanism is being devised to fund developmental projects in governorates by identifying developmental gaps in each, Said revealed.
UN Resident Coordinator in Egypt Elena Panova spoke to Egypt Today, saying "we are capable of bringing partners together and leverage of expertise so these partners can work together."
Those are African and European countries as well as some Asian, North American, South American and Caribbean countries.
The duration of those bonds is 19 years.
The Egyptian government has taken concrete steps to revamp Greater Cairo's first metro line.
The funding is in the form of grants that are not paid back.
A press statement issued by the Ministry of Local Development on Wednesday indicated the top five governorates that received funds through the programme.
Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.
