Noting its efforts to promote sustainable agriculture through enhanced multilateralism, Egypt’s Ministry of International Cooperation with the European Bank for Reconstruction and Development (EBRD) to receive a $200 mln Loan to strengthen agribusinesses and help local farmers adopt climate-smart agriculture practices.
Egypt’s road to a greener and inclusive recovery is pushed forward through enhancing public-private dialogue, which has been improved by 22% from 2016 to 2018, Al-Mashat states
Egypt has followed a systematic twin-track approach to ensure that ‘green’ and ‘growth’ go together, Al-Mashat states
Jürgen Rigterink, EBRD First Vice President, notes that that the cooperation between the private sector and the government has been mutually supportive
Erik Berglof, AIIB Chief Economist, states that Asian Infrastructure Investment Bank (AIIB) views Egypt as one of the most important investment markets in the Middle East and Africa.
Ministry of International Cooperation announces setup of a new committee to coordinate all stakeholders on the development of Kitchener Drain Depollution Project
Meeting discussed finalization of a loan provided by the European Investment Bank worth € 213.9 million for wastewater treatment and collection, in addition to the grant provided by the European Union worth 25 million euros for rehabilitation of sanitation systems
Agreement to form a joint implementation plan between all stakeholders with Ministry of International Cooperation as the main coordinator of the project
80% of EBRD’s investments in Egypt support the private sector
EBRD’s investments last year amounted to around 1.2 billion euros in 23 projects
Egypt supports the new EBRD strategy for 2021-2025 with an ambitious plan to expand its climate investments and become a majority green bank by 2025.
February, 2020–The Minister of International Cooperation for the Arab Republic of Egypt H.E. Dr. Rania Al-Mashat and the Director of Operations in EU Neighbouring Countries of the European Investment Bank Mrs. Flavia Palanza have agreed in a joint statement to enhance the economic cooperation to push forward inclusive economic growth and private sector development.