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In Continuation of Egypt’s Efforts to Implement Economic and Structural Reform Measures and Empower the Private Sector | The World Bank Group Announces a Financing Package for the Egyptian Economy worth $6 billion for the Next Three Years
H.E. Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, announced that within the framework of the Bank’s commitment to the long-term strategic partnership with Egypt, and in implementation of efforts to support economic reform measures taken by the country to achieve economic recovery and comprehensive and sustainable growth, the World Bank Group intends to provide $6 billion in financing over the next three years, $3 billion to support the economic reform program implemented by the government, and $3 billion to empower the private sector.
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Dr. Rania Al-Mashat, Minister of International Cooperation, Applauds Joint Efforts between the European Bank for Reconstruction and Development and Egypt’s private sector
Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD), applauded the efforts made between the EBRD, one of the largest development partners financing the private sector in Egypt, and various private sector companies, in a way that enhances support for national development priorities, especially in priority areas.
Read MoreWithin the Food Pillar of the “NWFE” Program The Ministry of International Cooperation and the European Investment Bank launch technical support and consulting services for the project “Enhancing Adaptation in the Northern Delta Affected by Sea Level Rise”
In continuation of the efforts undertaken by the Ministry of International Cooperation to mobilize technical support and funds to implement the “NWFE” program projects, to advance the green transformation and implement the National Climate Change Strategy 2050, the Ministry and the European Investment Bank (EIB) held a meeting to launch the technical support services provided by the bank, for the project “Enhancing Adaptation in the Northern Delta Affected by Sea Level Rise” which comes within the food pillar projects, with a grant worth €350 thousand.
Read MoreThe Ministers of International Cooperation, Immigration and Egyptian Expatriates Affairs Discuss Joint Action Files
H.E. Dr. Rania Al-Mashat, Minister of International Cooperation, met with Ambassador Soha Gendy, Minister of Immigration and Egyptian Expatriates Affairs, at the headquarters of the Ministry of International Cooperation in the New Administrative Capital, within the framework of joint coordination between the two ministries in order to maximize the benefit from development cooperation programs, existing international partnerships, and future cooperation programs.
Read MoreWithin the framework of following up on the implementation of the outcomes of the second workshop | The Ministry of International Cooperation holds a meeting with the participation of national entities, UN agencies, and development partners to follow up on the design of project proposals for the second workshop on technology and innovation.
Within the framework of implementing the project proposals and ideas of the second workshop within the joint initiative between the government and the United Nations Joint Team for Digital Transformation and Innovation (UN-JTDI), which was held last November, the Ministry of International Cooperation held a meeting in the presence of representatives of the Ministries of Transport, Water Resources and Irrigation, and Communications and Information Technology , representatives of United Nations agencies, the private sector, entrepreneurs, and academics.
Read MoreWithin the framework of implementing the Green Cities program in Egypt .... The European Bank for Reconstruction and Development launches a plan to transform “6th of October City” into a green city
In order to enhance efforts to transition to a green and sustainable economy in Egypt and implement the Green Cities Programme, which comes within the framework of cooperation between the government and the European Bank for Reconstruction and Development (EBRD), the bank, in cooperation with the government, launched the plan to transform 6th of October City into a green city. The plan is scheduled to be implemented by the relevant government agencies and the 6th of October City Authority in cooperation with the EBRD.
Read MoreMinister of International Cooperation Dr. Rania Al-Mashat Meets with the Organization for Economic Cooperation and Development (OECD) on advancing joint cooperation in the field of exchanging experiences and knowledge about development experiences
Dr. Rania Al-Mashat, Minister of International Cooperation, met with Ragnheiður Elín Árnadóttir, Director of the Development Center of the Organization for Economic Co-operation and Development (OECD), and a number of the organization’s officials, virtually. During the meeting, areas of cooperation during the year 2024 were discussed, and the strengthening of joint work with the organization through its programs to exchange knowledge and development experiences with different countries.
Read MoreThe Ministers of International Cooperation and Education Meet to Follow up on Implementation of Ongoing Development Cooperation Programs in the Education Sector
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat and Minister of Education and Technical Education Dr. Reda Hegazy, held a meeting at the headquarters of the Ministry of International Cooperation, in the New Administrative Capital, to discuss development cooperation programs and international partnerships being implemented with development partners in the field of education, teaching, technical education, and capacity building for teachers.
Read MoreIn implementation of the joint statement issued last November with the participation of 20 development partners and international institutions House of Representatives approves development financing worth €53 million to implement the smart energy project within the energy pillar of the “NWFE” program.
In its plenary session yesterday, the House of Representatives approved Presidential Resolution No. 24 of 2024 regarding the exchange of letters regarding financing the smart energy project within the energy pillar of the national platform of the “NWFE” program, through concessional development financing worth €54 million from the German side, of which €3 million grant, in implementation of the joint statement issued in November 2023, with the participation of 20 development partners, international financial institutions and international alliances, as well as the joint political declaration issued during the COP27 climate conference, between Egypt, Germany and the United States of America, in which the two countries pledged to provide support and assistance to Egypt’s efforts in the green transition and a just transition towards renewable energy.
Read MoreMinister of International Cooperation H.E. Dr. Rania A. Al-Mashat Witnesses Signing of Grant Agreement Worth $8.3 million between the Japanese Embassy and the WHO to Support National Efforts in Providing Medical Needs to the Gaza Strip
The Minister of International Cooperation H.E. Dr. Rania Al-Mashat witnessed the signing of a grant agreement between the Japanese Embassy in Cairo and the World Health Organization (WHO), worth $8.3 million, to support the development and meeting the needs of hospitals in the border governorates in Egypt, thus enhancing their ability to provide medical needs and supplies to people in Gaza. This is within the framework of the efforts undertaken by the Egyptian state in coordination with various international partners to confront the humanitarian crisis that the Gaza Strip is going through.
Read MoreMinister of International Cooperation H.E. Dr. Rania A. Al-Mashat Meets with IFC Regional Director on Efforts to Improve the Business Environment & Provide More Financial and Non-financial Services to the Private Sector
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat held a meeting with Sarvesh Suri, Regional Industry Director for Infrastructure and Natural Resources in Africa for the International Finance Corporation (IFC), in the presence of IFC's Director for North Africa and Horn of Africa Sheikh Omar Sylla. This meeting is within the framework of following up on partnership projects with the IFC, which aims to empower the private sector, through concessional development financing and contributions, as well as technical support to various parties, in addition to the IFC’s role as a consultant to the government in implementing the government proposal program.
Read MoreDr. Rania Al-Mashat, Minister of International Cooperation, meets with the President of the General Confederation of Algerian Enterprises (CGEA) to discuss opportunities for joint cooperation
H.E. Dr. Rania Al-Mashat, Minister of International Cooperation, met with Saida Neghza, President of the General Confederation of Algerian Enterprises (CGEA) which is an independent Algerian organization that represents business owners and includes more than 1,200 representatives from various economic sectors, in light of the role played by the Ministry of International Cooperation to strengthen economic relations with multilateral and bilateral development partners.
Read MoreMinister of International Cooperation H.E. Dr. Rania A. Al-Mashat Participates in Ringing the Egyptian Stock Exchange Bell to celebrate International Women's Day
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat participated in ringing the bell of the Egyptian Stock Exchange this morning, along with Ambassador Soha El-Gendy, Minister of Emigration and Egyptian Expatriates' Affairs, and Mr. Ahmed El-Sheikh, Chairman of the Board of Directors of the Egyptian Stock Exchange, and a number of female representatives of the House of Representatives and Senate, and board members of companies listed on the stock exchange, as part of the Egyptian Stock Exchange’s celebration of International Women’s Day, organized in cooperation with the International Finance Corporation (IFC).
Read MoreIn Line With the Signing of the New Country Programme: EverythingAbout Cooperation between the Arab Republic of Egypt and the UN’s Food and Agriculture Organization
Under the umbrella of the Egypt - United Nations Sustainable Development Cooperation Framework (UNSDCF) 2023-2027, and in accordance with the national priorities within Egypt’s Vision 2030, sectoral strategies and presidential initiatives, H.E. Dr. Mostafa Madbouly, Prime Minister, and Mr. Qu Dongyu, Director-General of FAO, witnessed the signing of the new Egypt - FAO Country Programme between Mr. Al-Sayyid Al-Quseir, Minister of Agriculture and Land Reclamation, and Dr. Abdel Hakim Al-Waer, FAO Assistant Director-General, and the regional representative for the Near East and North Africa region. This was also in the presence of H.E. Dr. Rania Al-Mashat, Minister of International Cooperation.
Read MoreAt the end of a 6-day visit: H.E. Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development, reviews with members of the Bank’s Board of Directors the results of their visit to Egypt
At the conclusion of their visit to Egypt, H.E. Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD), received representatives of the Bank’s Board of Directors, where the meeting witnessed a review of the results of the visit that lasted over 6 days, and witnessed extensive meetings, visits and consultations of the Board of Directors with representatives of the national entities, private sector, business community, development partners, and civil society. In addition, bank officials inspected a number of projects for which the bank contributed to providing financial and technical support, whether to the private or public sector.
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