Minister of International Cooperation
The agreements were signed during the Egypt-EU Investment Conference held at Cairo's Al Manara International Conference Center on June 29-30
This follows the signing of the first tranche of Macro-Financial Assistance (MFA) to support the overall economy and budget deficit, totaling €1 billion, by Rania Al-Mashat, Minister of International Cooperation, and Valdis Dombrovskis, Executive Vice-President of the European Commission, during the Egyptian-EU Investment Conference.
The World Bank Group has approved a financing package of $700 million, with $500 million from the World Bank itself and $200 million from other partners.
This came during her opening speech at the inaugural New Development Bank seminar in Egypt, noting that this is the first seminar to be held outside the founding countries of the bank, according to the Minister Al-Mashat.
The bilateral relationship between Egypt and South Korea is robust and enduring. South Korea, recognizing Egypt as a priority partner, has played a pivotal role in successful projects by providing substantial funding and fostering economic cooperation.
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.
The European Union (EU) and the National Council for Childhood and Motherhood (NCCM) signed on Sunday a Grant Agreement "National Children Empowerment Initiative" to improve the provision of child protection services, promote positive behavioral change, and provide supportive environment for kids to develop their skills.
The new Ambassador of Korea to Egypt, Kim Yong-hyon, and Egypt’s Minister of International Cooperation, Rania Al-Mashat, signed an implementation agreement on Monday to manufacture and provide metro trains for the second and third lines of Cairo Metro.
Both parties signed a non-binding agreement to explore cooperation in renewable energy and green fuels including ammonia and hydrogen.
The Egyptian Minister is scheduled to speak at a number of events and discussion sessions, and to hold a number of bilateral meetings with multilateral and bilateral development partners.
Minister of International Cooperation Rania A. Al-Mashat began her agenda at the World Economic Forum Annual Meetings 2023 in Davos by participating in the launch of the “Giving to Amplify Earth Action” (GAEA);
According to Mashat, financing sources would include the State General Budget and the private sector, in addition to easy financing through development companies.
This included $11.1 billion directed to sovereign projects across various economic activities and $2.6 billion for the private sector.
This comes In the light of COP27, being held from 6 November until 18 November 2022 in Sharm El Sheikh, Egypt, and in the presence of leaders and heads of state, United Nations organizations and international institutions.
Earlier, Mashat held a meeting with 15 national bodies at the beginning of July to discuss the report's first draft.
This falls within the context of strengthening international efforts to preserve the climate and environment, and to push for multilateral cooperation in financing the green transition and in stimulating urgent climate action.
The Minister held a bilateral meeting with Her Majesty Queen Maxima of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development, to deepen financial inclusion in Egypt and particularly in the rural areas.
To map out SDG progress and achieve Communication for Development goals (C4D), the Ministry of International Cooperation’s SDG mapping activities includes carrying out field visits to Egypt’s different cities and regions, as incorporating the SDGs into local contexts is essential for the effective implementation of the 2030 Agenda.
During her current visit to the UK, Mashat tackled the institute's participation in the International Cooperation Ministry's initiative to outline an international framework for an innovative fund that would enhance the climate fund and support the green transition.
The Minister of International Cooperation, during her GSK interview on ‘Breaking the Gender Bias’ held on International Women’s Day, shared her own golden rules for women to succeed and create less room for bias to creep in, and to define specific goals or metrics for success to help them evaluate their accomplishments.
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