met Dr. Rania Al-Mashat, Minister of International Cooperation, during her visit to the British capital, London, led the leaders of the Grantham Institute for Climate Change and Environment Research of the London School of Economics (LSE), to discuss ways of cooperation with the Center in the context of Egypt’s hosting of the COP Climate Summit 27, and participation in the initiative of the Ministry of International Cooperation to develop an international framework for innovative financing that enhances climate finance and provides development finance and technical support to support the ambitions of green transformation.
The meeting included Ms. Elizabeth Robinson, Director of the Center, and Ms. Alina Averchinkova, Head of Finance, Governance and Environmental Legislation Center, and Mr. Stuart Evans, Visiting Fellow and Professor of Green Finance and Sustainability at the Center,
Minister of International Cooperation, Dr. Rania Al-Mashat, said that the meeting discussed cooperation with the Center in implementing the initiative of the Ministry of Education. He cooperated with the international community to develop a framework for innovative and mixed financing, in order to enhance efforts to implement commitments to transition to a green economy, and to provide development finance and technical support necessary for implementing adaptation projects and mitigating the repercussions of climate change, as well as encouraging the participation of the private sector in financing these projects through risk reduction tools.
“Al-Mashat” was presented The state’s efforts and experience in matching development finance with the UN goals for sustainable development, and its leadership in this matter in order to identify the role of finance in implementing the UN goals, and prepare for transferring the experience to other countries to advance the efforts of emerging countries in achieving the sustainable development goals, through the two cooperation mechanisms Triangular and South-South Cooperation.
She reviewed the framework of international cooperation and development financing for the Arab Republic of Egypt, which consists of three principles: the platform for joint coordination, matching development financing with sustainable development goals, and promoting Egypt’s development stories, pointing out that the total financing from multilateral development partners. And bilaterals 2008 billion dollars over the two years despite the exceptional circumstances imposed by the Corona pandemic through platforms for joint coordination cooperation, including about 5 billion Dollars for the private sector.
Dr. Rania Al-Mashat, Minister of International Cooperation, had launched a booklet on documenting Egypt’s experience in the framework of international cooperation and development financing and matching development financing with the sustainable development goals. , from the London School of Economics during the year