Int'l partnerships provided private sector with $7B over 3 years - Minister

CAIRO - 25 March 2023: International partnerships have provided $7 billion to the private sector in the previous three years, including $2.6 billion in 2022, Minister of International Cooperation Rania Al-Mashat said Saturday.

 

The framework of international cooperation and development financing for Egypt is built on years of collected experience, Mashat told a meeting organized by the American Chamber of Commerce with a delegation of investors and businessmen from Cyprus and Greece.

 

The discussion tackled the framework of international cooperation and collaborative ties among all development partners, as well as the efforts made to support the country's development goals through concessional and mixed development funding.

 

The Ministry of International Cooperation is establishing collaborative strategies with all development partners, including USAID, the World Bank, the European Bank for Reconstruction and Development, and the European Union, the minister said.

 

The World Bank Group recently approved the joint country strategy 2023-2027, and work is currently underway to launch the strategic framework for the partnership for sustainable development with the UN for the next five years, she added.