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Minister of International Cooperation Dr. Rania Al-Mashat Participates in Development Committee to Reach Global Consensus on Development Issues
Minister of International Cooperation and Governor of Egypt at the World Bank Group, Dr. Rania Al-Mashat, participated in the Development Committee (DC), a ministerial-level forum of the World Bank Group and the International Monetary Fund
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Al-Mashat: Egypt’s Issuance of First Green Bonds in the Region Opens a New Chapter for Economic Progress
Minister Dr. Rania Al Mashat states that Egypt’s mega infrastructure projects and issuance of the first green bonds in the region “contributing to a new chapter in Egypt’s economic progress” There are currently more than 1,000 companies and nearly two million Egyptian workers working on national mega projects
Read MoreInfrastructure-led post COVID-19 recovery is key to Egypt’s long-term transformation of the economy: Al Mashat
Minister Rania Al Mashat notes that the post-Covid-19 recovery will be infrastructure-led to achieve long-term transformation She refers to the third pillar of economic diplomacy; Global Partnerships Narrative to showcase success stories to be replicated in other countries Minister Rania Al Mashat emphasizes on the role of the private sector in Egypt to mitigate the impact of the crisis
Read MoreMinistry of International Cooperation Forges Coordination Committee Between Ministers and Development Partners to Support Kitchener Drain Depollution Project
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
Read More51% of microfinance loans were provided to Egyptian women entrepreneurs amid COVID-19: Al Mashat
Minister Rania Al Mashat emphasizes on advancing the private sector's commitment to ensuring gender equality 51% of microfinance loans were provided to women entrepreneurs amid COVID-19 Gender gap accelerator will prepare women for the post coronavirus (COVID-19) world of work
Read MoreMinistry of International Cooperation Launches #PeopleProjectsPurpose Global Partnerships Narrative Video Series
Ministry of International Cooperation, headed by H.E. Dr. Rania Al Mashat, launched the People&Projects&Purpose global partnerships video series and celebrated International Day of Rural Women with United Nations Industrial Development Organization (UNIDO).
Read MoreBlended Financing to Relieve Debt Crisis for Developing Economies Amid COVID-19: Al Mashat
Minister Rania Al Mashat emphasizes on blended financing to reduce debt distress and notes that Egypt's success in the execution of major national projects, particularly in the infrastructure sector, was supported by blended financing To reduce debt distress, governors call for the IMF and the WBG to push for greater private sector participation, flexibility in lending policies and governance reforms to enhance the role and voice of developing countries
Read MoreG24 Group Call for Increased Debt Transparency and Addressing Growing Financing Needs of Developing Economies Amid COVID-19
G24 countries called for international institutions to adopt mechanisms to assist in debt restructuring G24 group commend the World Bank Group’s proposed $12 billion initiative, which would encourage developing countries to purchase COVID-19 vaccines to treat up to one billion people. Emerging and developing countries will witness a greater than expected contraction due to the pandemic, resulting in a 3% contraction this year
Read MoreMinister of International Cooperation, Minister of Civil Aviation Outline Cooperation to Support Investment in Aviation Sector
Minister of International Cooperation, Dr. Rania Al-Mashat, and Pilot Muhammad Manar, Minister of Civil Aviation, held a meeting in the presence of Pilot Montaser Manna, Deputy Minister of Aviation, and Ms. Amani Metwally, Head of the Civil Aviation Support and Development Fund
Read MoreMinister Rania Al Mashat, UN Coordinator Outline Progress to Achieve Partnerships for Effective Development Cooperation *
Al Mashat congratulated the UN Coordinator for WFP’s 2020 Nobel Peace Prize • UN Coordinator Richard Dictus commends the Ministry’s collaborative efforts in shifting mindsets on development cooperation through economic diplomacy • Al Mashat refers to the Global Partnerships Narrative, according to the third principle of economic diplomacy to show the impact of engagement on Egypt’s development story • Al Mashat, UN Coordinator agree on pushing forward the UNPDF, as co-chairs of the Development Partnerships Group
Read MoreMinister of International Cooperation, UNICEF Expand Partnership to Support Children and Youth’s Economic and Social Empowerment
Minister of International Cooperation, Dr. Rania Al-Mashat, met with Ted Chaiban, UNICEF Regional Director for the Middle East and North Africa, at the Ministry's headquarters to expand areas of cooperation within the strategic framework of the partnership with the United Nations 2018-2022 amid the COVID-19 and support children and youth to become more economically and socially empowered.
Read MoreInternational Cooperation Delivers Results for Egypt’s Economic Development: Al-Mashat
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.
Read More‘Women leaders making a breakthrough’: Rania Al Mashat Congratulates EBRD’s First Woman President Renaud-Basso
Al Mashat congratulates France’s Renaud-Basso, EBRD’s first woman president • Al Mashat adds that it is a sign of women making a breakthrough in leadership roles • Al Mashat reaffirms the strength of the partnership between EBRD and Egypt during EBRD annual meetings
Read MoreWFP Helped Transform Many Egyptian Lives: Dr. Rania Al Mashat Congratulates World Food Progamme for Nobel Peace Prize for 2020
Ministry of International Cooperation, Dr. Rania Al Mashat, congratulated the World Food Progamme for being awarded the Nobel Peace Prize for 2020 and its efforts to contribute to Egypt’s sustainable development.
Read MoreEBRD to Increase Annual Funding for 2021-2025 to Accelerate Economic Recovery
• EBRD’s new strategy will increase the share of green financing to at least 50% of its total financing by 2025 by 2025 • It also focuses on strengthening the private sector by increasing its share in the bank’s investments to more than 75% • Increase its annual funding to nearly 13 billion euros compared to the previous record level of 10 billion euros in 2019
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