Under the esteemed patronage of Dr. Mustafa Madbouly, Prime Minister of Egypt, the Ministry of Planning and Economic Development, in partnership with the United Nations and the United Nations Development Programme (UNDP), will launch Egypt’s Integrated National Financing Strategy (E-INFS) today. This strategic move aims to accelerate sustainable financing mechanisms aligned with Egypt’s Vision 2030 and the United Nations Sustainable Development Goals (SDGs).
A Strategic Leap Toward Sustainable Financing
Announced earlier by Dr. Rania Al-Mashat, Minister of Planning and Economic Development, during the high-level meetings of the United Nations General Assembly and the Future Summit in New York last September, the Integrated National Financing Strategy is a key component of Egypt’s efforts to bridge the financing gap for SDGs.
The strategy represents a comprehensive national framework designed to integrate diverse sources of development financing, combining the best global practices with national solutions tailored to Egypt’s unique context. The ultimate goal is to enhance partnerships with the United Nations and relevant stakeholders, ensuring that financing for sustainable development in Egypt is both robust and effective.
Key Focus Areas of the National Financing Strategy
The Integrated National Financing Strategy (E-INFS) will focus on:
- Closing the financing gap for the SDGs through innovative financing models.
- Creating a sustainable framework that connects various sources of development funding, from traditional government financing to private investments and international aid.
- Facilitating the implementation of Egypt’s Vision 2030 by fostering collaboration between government bodies, private sector players, and international institutions.
The strategy will bring together various stakeholders to ensure that Egypt is well-positioned to meet its development goals through effective financial mechanisms, sustainable investments, and robust financial governance.
Key Sessions at the Launch Event
The launch event will feature a series of discussions, including:
- “The Integrated National Financing Strategy in Egypt: A Roadmap for Sustainable Financing” – a session that will explore how the strategy will help guide the country towards sustainable financing solutions.
- “Next Steps: Implementing and Governing the Integrated National Financing Framework” – a session focusing on the practical steps and governance mechanisms required to execute the strategy.
Following these sessions, a number of ministers and key officials involved in Egypt’s financing and development strategy will provide their insights and reflections on the way forward.
Egypt’s Partnership with the United Nations
The launch of the Integrated National Financing Strategy builds on the partnership between the Egyptian government, represented by the Ministry of Planning and Economic Development, and the United Nations. This collaboration was formalized in March 2021 through the signing of the “Sustainable Development Financing Strategy in Egypt” project. The project aims to develop the first-ever integrated national financing strategy, creating momentum and fostering dialogue within the Egyptian government and broader society on financing development.
Moreover, the project seeks to build national capacity in analyzing financial flows and identifying funding gaps across specific sectors, thus enabling the country to update and expand the scope of its national financing strategy to address evolving challenges and opportunities.
