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The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat, Signed a Memorandum of Understanding titled "Global Development Initiative" with the Chinese Side to Develop an Integrated Strategy for Development Cooperation between Egypt and China for the 1st Time in Beijing
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat visited Beijing, China to participate in the 1st High-Level Meeting of the Forum on Global Action for Shared Development and witnessed the signing of several cooperation documents and memorandums of understanding that strengthen the Egyptian-Chinese partnership and advance development efforts in the country. Al-Mashat and the Chinese International Development Cooperation Agency (CIDCA) signed an MoU on the Global Development Initiative (GDI), launched by the Chinese President for 3 to 5 years, for the first time in light of the common relations between the two countries, including areas and projects that will be implemented through the development cooperation program.
Read MoreThe Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat Participates in High-Level Meeting with Chinese Vice President During the 1st High-Level Meeting of the Forum on Global Action for Shared Development in Beijing, China
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat participated in the high-level meeting held by Mr. Han Zheng, Vice President of the People's Republic of China. This is in response to the invitation of the Chinese Vice President to the Minister to represent Egypt and the African continent in the meeting, along with representatives of delegations of countries and organizations participating in the 1st High-Level Meeting of the Forum on Global Action for Shared Development in Beijing, China. The meeting aimed to discuss the results of the forum, to identify the views of the participating officials and proposals for development and improvement of work mechanisms during the upcoming sessions in light of strengthening efforts to implement the SDGs; all in response to the Global Development Initiative (GDI) put forward by the Chinese President in 2021.
Read MoreThe Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat : The European Bank for Reconstruction and Development Supports the Private Sector in Egypt with $532 million
In continuation of the efforts made through international partnerships to empower the private sector in Egypt and to provide concessional development financing via cooperation with multilateral and bilateral development partners to meet development priorities and implement the pillars of the country strategy between the Arab Republic of Egypt and the European Bank for Reconstruction and Development (EBRD) from 2022-2027, the bank approved soft development financing that is worth more than $532 million for private sector institutions in Egypt.
Read MoreH.E. Dr. Rania A. Al-Mashat Gives Keynote Speech “Capital Mobilization and Sustainable Financing Development” in Beijing, China
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat stressed the importance of exploring opportunities to advance sustainable development efforts worldwide and stimulate the climate action agenda as two goals that are interrelated. H.E. pointed to the repercussions of the COVID-19 pandemic and ongoing war in Europe, all in addition to climate change and its impact on the high cost of achieving the SDGs and the increasing financing gap in emerging economies and developing countries, reinforcing the need for comprehensive and integrated cooperation from all relevant parties.
Read MoreDuring the Closing Speech at the European Investment Bank MED conference | Dr. Rania A. Al-Mashat, Minister of International Cooperation: The EIB provides soft development finance worth €4 billion to implement NWFE projects until 2030
The Minister of International Cooperation H.E. Dr. Rania Al-Mashat delivered the closing speech of the 2023 edition of the EIB MED Conference, which is jointly organized by the Spanish Presidency of the European Union and the Union for the Mediterranean, and held under the theme “Connectivity in the Mediterranean: Together for a Better Future.” This included the participation of Gelsomina Vigliotti, Vice President of the European Investment Bank (EIB), Hassan Abdallah, Governor of the Central Bank of Egypt, Ambassador Nasser Kamel, Secretary General of the Union for the Mediterranean, and other government representatives, leaders of the EIB, the private sector, international financing institutions, and relevant stakeholders.
Read MoreThe Minister of International Cooperation, H.E. Dr. Rania A. Al-Mashat heads to Beijing for the 1st High-Level Meeting of the Forum on Global Action for Shared Development.
The Minister of International Cooperation, H.E. Dr. Rania A. Al-Mashat headed to the Chinese capital, Beijing, to participate in the 1st High-Level Meeting of the Forum on Global Action for Shared Development, which aims to discuss strengthening joint action to implement the Global Development Initiative (GDI) proposed by the Chinese president in 2021, with the aim of redirecting global development towards a new phase of balance and comprehensive coordination to face global challenges, promote more equitable and balanced global development partnerships, and achieve more synergy through multilateral cooperation to accelerate the implementation of the 2030 SDGs.
Read MoreThe UNCTAD World Investment Report Highlights Sharm El-Sheikh Guidebook for Just Financing as One of the Global Initiatives to Enhance Investment Policies in 2022
The World Investment Report issued by the United Nations Conference on Trade and Development (UNCTAD) included the Sharm El- Sheikh Guidebook for Just Financing, which was issued by the Arab Republic of Egypt during “Finance Day” at COP27, as one of the most prominent policies and documents issued to guide and strengthen investment policies in 2022 and to promote climate action by establishing principles to reduce the risks of climate investments.
Read MoreStepping Up its Climate Action, Egypt Updates its Nationally Determined Contribution (NDC)
The Government of the Arab Republic of Egypt (GoE) announced its updated Nationally Determined Contribution (NDC), on June 25, 2023, a step that reflects the country’s commitment to accelerating the transition towards a low-carbon development pathway through increasing the development and deployment of renewable energy to reach the target of 42% installed capacity by 2030 instead of 2035.
Read MoreThe Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat Witnesses the Completion of the Assembly & Testing of the EgyptSat 2 satellite in cooperation with China.
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat, witnessed the completion ceremony of the assembly and testing of the satellite MisrSat 2, in cooperation with China, today, Sunday, at the headquarters of the Egyptian Space Agency, in the presence of the Chinese Ambassador to Cairo Liqiang Liu, CEO of the Egyptian Space Agency Dr. Sherif Sedky, and the financial director of the Chinese company CASC, along with a group of representatives of the State of China and the Government of Egypt.
Read MoreMinister of International Cooperation H.E. Dr. Rania A. Al-Mashat Participates in Technical Sessions at the Summit for a New Global Financing Pact in Paris & Holds Bilateral Meetings with Multilateral & Bilateral Development Partners
During the Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat’s participation in theSummit for a New Global Financing Pact in Paris, as part of the Egyptian delegation headed by H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, the Minister participated in a session on “Private Capital Mobilization in EMDCs” in an invitation by the Glasgow Financial Alliance for Net Zero (GFANZ), the International Monetary Fund (IMF), the World Bank Group (WBG), and the COP28 UAE presidency.
Read MoreDuring the Participation of the Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat Participates in Regional Collaboration as a Catalyst for Scalable Solutions Session in OPEC Fund's Development Forum
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat, participated as a keynote speaker in a panel discussion on "Regional Collaboration as a Catalyst for Scalable Solutions", as part of the activities of the OPEC Fund Development Forum. The forum is being held in Vienna, Austria and attended by Vice President of the World Bank for the Middle East and North Africa Farid Belhadj, Professor of Business Administration at the University of Offenburg in Germany Andreas Claassen, Director of the UN Office for South-South Cooperation Dima Al-Khatib, General Manager of the Private Sector Operations Department of the Asian Infrastructure Investment Bank (AIIB) Susan Jubouri, and, CEO of Banque Central America Dante Musi.
Read MoreThe Minister of International Cooperation H.E. Dr. Rania A. Al-Mahsat Gives Speech at the Austrian Federal Economic Chamber Conference in Vienna
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat, participated as a keynote speaker at the Austrian Federal Economic Chamber conference within the framework of the "Austrian Export Day 2023" activities, with the participation of thousands of private sector companies, in Vienna. This was in the presence of the President of the Austrian Federal Economic Chamber Harald Mahrer, the Minister of Economy and Labor of Austria Martin Kocher, the Minister of Transport of the State of Singapore, and representatives of Austrian institutions and the private sector.
Read MoreThe Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat discusses with the Vice President of the Austrian Federal Economic Chamber Strengthening Relationship between the Private Sectors of the 2 Countries & Holding a Joint Business Forum
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat met with the Vice President of the Austrian Federal Economic Chamber Carmen Goby, as part of H.E.’s participation in the annual conference of the business and export community in Austria, which is held by the Chamber with the participation of thousands of companies from the private sector.
Read MoreThe Minister of International Cooperation Dr. Rania Al-Mashat Discusses Strategic Framework for Joint Action to Maximize Development Cooperation Impact with OPEC Fund’s DG
The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat held a bilateral discussion with the OPEC Fund’s Director General Dr. Abdulhamid Alkhalifa as part of the OPEC Fund Development Forum in Vienna. The meeting discussed strengthening joint cooperation efforts in various fields of development based on the close and extended partnerships between the two sides.
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