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G24 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
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Minister 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
Read MoreAl-Mashat: Investment in Human Capital Is Integral to Egypt’s Sustainable Development
• Minister Rania Al Mashat refers to the government’s three-pronged approach towards investment in human capital • Al Mashat states that investment in human capital is integral to achieving Egypt’s sustainable development
Read MoreAl-Mashat Calls for International Institutions to Increase Blended Financing to Bridge Financing Gaps in Global Development
Al Mashat refers to Egypt’s strategies to reverse inequalities during the pandemic and unleash the potential of an equitable economy Al Mashat calls on international institutions to adopt ‘blended financing’ in order to merge public and private funds to mobilize private capital flows to emerging and frontier markets. Mr. David Malpass, World Bank Group President, referred to Takaful and Karama projects as “models for effective development” for the Middle East and Africa.
Read MoreMinister of International Cooperation, Head of the United States Agency for International Development Expand Strategic Partnership Through 7 agreements Worth $112 million
Expand strategic partnership through 7 agreements worth $112 million in various sectors United States is contributing an additional $22.8 million to support economic growth in Egypt Al-Mashat refers to cooperation with the United States Agency for International Development as a “strategic partnership”
Read MoreEgypt, EBRD to Push for Complete Green Transportation Strategy for Alexandria and Cairo: Al Mashat
Hosted by the European Bank for Reconstruction and Development and EBRD, organized by International Project Finance Association (IPFA) and in collaboration with the World Bank, International Finance Cooperation and the European Investment Bank, Minister of International Cooperation, H.E. Dr. Rania Al Mashat, participates in the “Building A Better Future” panel
Read MoreFor International Day of the Girl, Ministry of International Cooperation, USAID Launch Inter-Community Girls’ Empowerment
Minister of International Cooperation, Dr. Rania Al Mashat, participated in the launching ceremony of a new grant agreement, worth US$ 3 million, on the Inter-Community Girls’ Empowerment Activity to empower girls in Upper Egypt by providing access to education, health and promoting awareness on cultural diversity among different communities.
Read MoreFlat6Labs is a Success Story of Bilateral Cooperation in Providing Employment Opportunities for Egyptian Youth: Al Mashat
Minister of International Cooperation, Dr. Rania Al Mashat, highlighted the success story of Flat6Labs accelerator as a model for bilateral cooperation
Read MoreAl-Mashat, World Bank's Regional Director Extend Strategic Partnership to Drive Economic Recovery
Minister of International Cooperation and governor of Egypt at the World Bank, Dr. Rania Al Mashat, held a meeting with Mrs. Marina Weiss, Regional Director for Egypt, Yemen and Djibouti at the World Ban
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