Under the auspices and with the participation of our Prime Minister H.E. Dr. Mostafa Madbouly at COP27, we signed over 30 partnership and financial agreements worth close to $13.5 billion, dedicated to the NWFE نُوَفِّـي Program, Egypt’s Country Platform for the Nexus of Water, Food and Energy and to the E—PACT, Egypt Partnerships Agreements for the Climate Transition.
Leveraging on Egypt’s partnerships with multiple stakeholders, the Ministry of International Cooperation has led efforts to mobilize finance, avail technical assistance, and catalyze private investment, through innovative financing modalities including blended finance and debt swaps for NWFE Projects.
The agreements go towards supporting the country’s green transition, offering a unique opportunity for the international community to show solid support for the climate agenda.
Also at COP27, US President Joe Biden announced a $500 million package to tackle climate change in Egypt. This includes a $250 million political declaration agreement with Germany and the US to support Egypt’s clean energy transition within the NWFE نُوَفِّـي Program’s energy pillar.
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