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  • Tuesday, 22 December 2020
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Ministry of International Cooperation 2020 Annual Report | $505 million in development funds to strengthen the social protection network

The Minister of International Cooperation H.E Dr. Rania A. Al-Mashat: “2021 will be a year to present the structural reforms that are taking place in the field of social protection and the organization of civil work in international forums”

The annual report of the Ministry of International Cooperation 2020, "International Partnerships for Sustainable Development", reported that the Ministry has secured $505 million from multilateral and bilateral development partners for the benefit of the Ministry of Social Solidarity, to strengthen the social protection network, thus enhancing the effectiveness of the state's development efforts. This is at the essence of the Ministry of International Cooperation’s doctrine, where the Egyptian people are placed at the core of every development project. According to the report, the Ministry of International Cooperation secured $500 million from the World Bank to finance the second phase of the Social Safety Nets Support Project (Takaful and Karama). The Ministry also secured two grants, the first grant is from Germany, amounting to $2.2 million, in favor of the Equal Opportunity and Social Development Program; and the second grant is from Italy, within the debt swap program, to finance social welfare and human resource development, and this project is implemented through the United Nations World Food Programme (WFP). The agreed funds for the social protection sector support three goals of the UN Sustainable Development Goals; SDG 1: No Poverty, SDG 8: Decent Work & Economic Growth, and SDG 10: Reduced Inequalities. H.E. Dr. Rania A. Al-Mashat, the Minister of International Cooperation, said that strengthening social protection networks is one of the most important sectors that the government has worked on to enhance the effectiveness of the economic reform program and protect the most vulnerable. The minister explained that the Takaful and Karama program, implemented by the Ministry of Social Solidarity through World Bank financing, is one of the most successful models in the world for social protection, as it is implemented through national mechanisms, which prompted the World Bank to attempt implementing the model in other countries as well. Al-Mashat stressed the need to hold Multi-stakeholder platform meetings, which includes multilateral and bilateral development partners, the Ministry of Social Solidarity and other stakeholders, to present projects for social protection networks, as well as structural reforms undertaken by the state. The Ministry of International Cooperation coordinates between development partners and government agencies to ensure the achieving effective development cooperation programs that support national development efforts. 2021 will be the year to present reforms and efforts made in the social protection sector. The Ministry of International Cooperation aims to deepen cooperation with multilateral and bilateral development partners to support implemented social protection projects to further strengthen Egypt’s development narrative and success stories in sectoral development. H.E. Dr. Rania A. Al-Mashat met with H.E. Mrs. Nevin Al-Kabbaj, Minister of Social Solidarity in November to coordinate efforts between both ministries at the level of project implementation in social protection through multilateral and bilateral development funds and grants, and to present these structural reforms to the international community. The Ministry of International Cooperation has an ongoing development financing portfolio of $25 billion with the United Nations to fulfill the 17 Sustainable Development Goals (SDGs); many of these projects go back to social solidarity. For instance, SDG 1: No Poverty has 20 projects worth $ 1.328 billion and SDG 2: Zero Hunger has 17 projects worth $486 million. This year, the Ministry of International Cooperation secured development financing agreements worth $9.8 billion during the year; $6.7 billion for financing sovereign projects, and $3.1 billion in support of the private sector, according to the annual report of 2020.