President Abdel Fatah al-Sisi held a meeting Sunday with a number of ministers and officials to follow up on the progress rate of the implementation of land reclamation projects.
The loan is as part of a larger syndicated trade finance facility worth $200 million, in collaboration with the International Islamic Trade Finance Corporation (ITFC).
The President of the European Commission, Ursula von der Leyen, assured President Abdel Fattah El-Sisi of the European Union's continued support to Egypt in the field of food security.
Egypt’s President Abdel Fattah El- Sisi discussed on Monday developments regarding number of projects implemented by the National Service Projects Organization, notably in the field of fisheries development.
Earlier, a political-axis session took place making room for talks on municipalities.
The agreement is in line with the government's efforts to implement the national platform for the "NWFE" program, linking water, food, and energy projects.
Assistant to the Minister of Foreign Affairs for Arab Affairs Ambassador Alaa Mousa co-chaired Monday a meeting of senior officials from the foreign ministries in Egypt and Gulf Cooperation Council's member states.
Minister of Social Solidarity Nevine al-Qabaj suggested Tuesday that the Organization of Islamic Cooperation (OIC) can play a role in reinforcing food security among member states.
Ambassador Rady said there is an exchange of visits between Egypt and Italy during the coming period.
Through the grant agreement, the Italian Agency for Development Cooperation will cooperate with the Ministry of Agriculture, to implement the component on “supporting wheat and grain production by increasing access to certified seeds and mechanization at a value of €25 million.
Al-Mashat elaborated that the country began in 2014 to significantly expand food security efforts, build silos, and expand the agricultural area.
In addition to Al-Mashat, the panel included Kevin Kariuki, Vice-President of Power, Energy, Climate and Green Growth, African Development Bank Group (AfDB), Aaron Leopold, CEO of EnerGrow, Esther Penunia, Secretary-General, Asian Farmers’ Association, moderated by Kitty van der Heijden, Director-General for International Cooperation, Ministry of Foreign Affairs, Kingdom of the Netherland.
The Minister affirmed Egypt’s keenness to secure wheat demands for its citizens.
Mohieldin also stressed the need to promote long-term investments to support investable and bankable projects, especially in sectors that are difficult to direct investents to, praising the concessional financing policies of the International Development Agency (IDA).
The new initiative is targeting the food security in the most countries vulnerable to climate change impacts, the OP27 said in a statement.
Malpass pointed out that developing countries face difficult expectations regarding the rise in food, fertilizer and energy prices.
The Egyptian state seeks to increase production, achieve food security, and increase the strategic stock of strategic goods, said Engineer Abdel Moneim Khalil, the head of the Internal Trade Sector at the Ministry of Supply.
Worth $500 million, the deal is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy in the face of repercussions of the war currently going on in Europe.
The president made two other instructions pertaining to social safety.
Egypt and Jordan had agreed to draft, and activate - within one month - a joint action plan in the realm of food security.