Rania Al Mashat

Arab Financial Institutions, Egypt: strengthened partnership for development

Wed, 22 May 2024 - 05:14 GMT

Prime Minister Madbouly commended the Arab financial institutions for their steadfast support of Egypt in recent years, which has contributed to the financing of major development projects in the country.

Egypt to host joint annual meetings of Arab financial entities in new administrative capital

Mon, 13 May 2024 - 01:39 GMT

Minister of International Cooperation, Rania Al-Mashat, emphasized that Egypt is fully committed to providing the necessary support and facilities to ensure the success of these gatherings, in line with the organization's stature

IFC provides $34M advisory services to support Egypt's economy: MoIC Minister

Sun, 12 May 2024 - 01:18 GMT

This investment has positioned Egypt as one of the top countries where the IFC operates. Additionally, the IFC has provided advisory services worth $34 million to support Egypt's economic development.

EU’s technical mission to visit Egypt to discuss macroeconomic support

Tue, 30 Apr 2024 - 04:58 GMT

The mission's agenda also includes meetings with various national entities, such as the Ministries of Environment, Electricity, Labor, Planning, Trade and Industry, and the Central Bank of Egypt.

El-Sisi highlights Africa's collaborative solutions at IDA Africa Summit

Tue, 30 Apr 2024 - 03:38 GMT

El-Sisi emphasized the summit's significance in reminding us of Africa's collective destiny and its potential for development.

MoICMin represents El-Sisi at IDA Africa Heads of State Summit

Mon, 29 Apr 2024 - 03:59 GMT

This summit acts as a platform for discussing the goals of the African continent in collaboration with the IDA, an organization affiliated with the World Bank that is renowned for providing low-interest financing and grants on a global scale.

Global climate finance flows reach $1.3T in 2021/22, developing countries receive only 13%

Mon, 29 Apr 2024 - 02:41 GMT

However, developing and emerging countries received only 13% of these funds, while the countries of the Global South received a mere 2%

Minister Rania Al-Mashat to attend WEF Special Meeting in Saudi Arabia

Sun, 28 Apr 2024 - 03:22 GMT

The event, titled "Global Collaboration, Growth and Energy for Development," will take place on April 28 and 29. Over 1,000 participants from governments, the private sector, and international institutions are expected to attend.

Developing countries receive less than 10% of global climate financing: Al-Mashat

Wed, 24 Apr 2024 - 11:57 GMT

Minister Al-Mashat emphasized the urgent need to address this imbalance and stressed the importance of fostering partnerships between multilateral development banks to rectify the situation

UK to finance Egypt’s budget by $400M: MoIC Minister

Mon, 22 Apr 2024 - 01:16 GMT

This contribution is a significant part of Egypt's efforts to secure a total of $57 billion in funding from various global institutions and regional allies, aimed at bolstering the country's economy.

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

Rania Al-Mashat participates at World Bank, IMF 2024 Spring Meetings in Washington D.C.

Mon, 15 Apr 2024 - 02:23 GMT

The Spring Meetings will include government officials from various countries of the world, and country governors at the World Bank Group, in addition to private sector companies, civil society organizations, academics, and other relevant entities, to discuss international efforts towards enhancing cooperation to achieve sustainable development and poverty eradication.

Egypt's startup deals hit 129 companies securing over $1M: MoIC Minister

Mon, 08 Apr 2024 - 11:33 GMT

Minister of International Cooperation (MoIC), Rania Al-Mashat, said that during the graduation ceremony of 20 promising startup ventures from the sixth group of the Orange Corners program.

AFD, EU grants €61.5M to develop Al Gabal Al Asfar Wastewater Treatment Plant

Tue, 26 Mar 2024 - 04:01 GMT

The purpose of this collaboration is to facilitate the completion of the third phase of the Al Gabal Al Asfar wastewater Treatment Plant.