“Coordinating with international partners is critical to aligning future priorities with the state’s investment plans,” stated H.E. Dr. Rania A. Al-Mashat, according to the “State Information Service”.
The integration of the Ministries of Planning and International Cooperation creates a synergy between public investments and concessional development financing
European Union grants and concessional financing have been instrumental in lowering the cost of renewable energy financing for the private sector.
H.E. Dr. Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, has initiated a series of high-level meetings with development partners to discuss mutual investment portfolios and future priorities. This effort follows the recent integration of the Ministry of Planning with the Ministry of International Cooperation. The objective is to implement the strategic priorities of the government’s 2024/25-2026/27 program, focusing on enhancing economic and social development, improving governance of public investment, and expanding opportunities for private sector participation.
The Minister commenced these efforts with a comprehensive meeting with Ambassador Christian Berger, Head of the European Union (EU) Delegation to Egypt, along with officials from the delegation and the ministry’s team. Discussions covered strategic cooperation priorities based on the longstanding partnership between Egypt and the European Union. The meeting also addressed ongoing projects within the EU portfolio, future programs concerning grants and investment guarantees, and mechanisms for strengthening macroeconomic stability.
“Coordinating with international partners is critical to aligning future priorities with the state’s investment plans,” stated H.E. Dr. Rania A. Al-Mashat, according to the “State Information Service”.
H.E. Dr. Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, has initiated a series of high-level meetings with development partners to discuss mutual investment portfolios and future priorities. This effort follows the recent integration of the Ministry of Planning with the Ministry of International Cooperation. The objective is to implement the strategic priorities of the government’s 2024/25-2026/27 program, focusing on enhancing economic and social development, improving governance of public investment, and expanding opportunities for private sector participation.
The Minister commenced these efforts with a comprehensive meeting with Ambassador Christian Berger, Head of the European Union (EU) Delegation to Egypt, along with officials from the delegation and the ministry’s team. Discussions covered strategic cooperation priorities based on the longstanding partnership between Egypt and the European Union. The meeting also addressed ongoing projects within the EU portfolio, future programs concerning grants and investment guarantees, and mechanisms for strengthening macroeconomic stability.
During the meeting, Al-Mashat stressed the close cooperation with the European Union as one of the main development partners, highlighting our longstanding economic partnership. H.E. explained that the current stage is witnessing an exceptional development in the relationship with the European Union, especially given that the current period is also witnessing coordination with international partners to arrange future priorities to meet the requirements of the state’s investment plan.
The Ministry will continue strengthening relationships with multilateral and bilateral development partners, supporting Egypt’s national development vision. This will enhance the efficiency of ongoing projects and improve macroeconomic stability by leveraging various tools to pursue economic reforms. A priority focus will be investments in human capital and industrial development.
Al-Mashat stressed the role played by the European Union and other development partners in supporting the state’s efforts within the framework of the economic and social development plan by providing grants, soft financing and technical support for many projects being implemented in various governorates. This covers many sectors including housing and utilities, energy, environment, local development, supply, health, capacity development, etc.
Via the electronic system for managing data and following up on projects, the discussions also covered progress on the current EU cooperation portfolio, which includes projects aligned with Sustainable Development Goals (SDGs). Key areas include SDG 6 (Clean Water and Sanitation) which features 32.6% of the projects, SDG 1 (No Poverty) that features 25.8% of the projects, SDG 7 (Affordable and Clean Energy) dedicated to 18.3% of the projects, and SDG 8 (Decent Work and Economic Growth) with 16.2% projects.
