The Minister of International Cooperation also addressed the reforms implemented by Egypt in the field of new and renewable energy by launching an ambitious sustainable energy strategy 2035, which aims to increase renewable energy in the generated energy mix to reach % by 2035, and within this framework, many projects funded by development partners and with the participation of the government and private sectors are being implemented, including the Benban Solar Project, the largest solar energy farm in the region and one of the The largest plants in the world, along with plans to benefit from green hydrogen.
The Minister of International Cooperation referred to the national projects implemented by the state, foremost of which is the presidential initiative for the integrated development of the Egyptian countryside, “a decent life,” noting that the government seeks to enhance its cooperation with multilateral and bilateral development partners to mobilize efforts to implement this initiative.
Al-Mashat said that the government is working through the framework of international cooperation and development financing to prepare future strategies with development partners, including the World Bank, the United Nations and the African Development Bank, and the European Bank’s strategy for reconstruction and development has been approved, explaining that the framework International cooperation includes three principles: the platform for joint coordination cooperation, matching development financing with the sustainable development goals, and promoting Egypt’s development stories.
Al-Mashat was keen to review the ministry’s annual report under the title “Effective development cooperation to build a better future”, which monitors international cooperation and development financing efforts within the framework of 4 main chapters (citizen at the center of attention – environmental sustainability – economic progress – partnerships for development), pointing out that the total funding from multilateral and bilateral development partners 26 billion dollars over the two years despite the exceptional circumstances imposed by the Corona pandemic through platforms for joint coordination cooperation, Of this, about $5 billion is for the private sector.
For his part, Lord Ahmed, Special Representative of the British Prime Minister and Minister of State for Commonwealth Affairs and the United Nations in the United Kingdom, stressed the importance of joint relations between the Arab Republic of Egypt and the United Kingdom, and the need to move forward to advance relations in various fields, noting that the meeting dealt with the impact of Global challenges due to the war on Ukraine, the structural reforms implemented by Egypt, and its readiness to host the COP climate conference 27.
During her visit to the United Kingdom, which began this week, Dr. Rania Al-Mashat, Minister of International Cooperation, held several meetings with boards of directors and officials from international financial institutions and government officials in the context of developing economic relations between Egypt and multilateral and bilateral development partners