Egypt has unveiled its National Integrated Financing Strategy (E-INFF), a landmark initiative aimed at streamlining and optimizing funding mechanisms to achieve sustainable development goals. The launch, celebrated by a wide array of development partners and UN organizations, underscores Egypt’s commitment to addressing global challenges through innovative financial approaches.
The strategy, developed in partnership with the United Nations Development Programme (UNDP), was lauded for its potential to transform Egypt’s financial landscape. Elena Panova, UN Resident Coordinator in Egypt, praised the Egyptian government for its unwavering commitment to sustainable development, emphasizing that the E-INFF represents a strategic shift towards an integrated model that aligns funding flows with national priorities.
“In a world beset by increasing challenges, divisions, and uncertainties, the need for sustainable development has become more urgent than ever,” Panova stated. She highlighted the strategy’s role in bridging the global financing gap, estimated at $4 trillion annually, by ensuring that a portion of global assets is directed towards national priorities.
Alessandro Fracassetti, UNDP Resident Representative in Egypt, echoed these sentiments, noting that the E-INFF is a bold step towards shaping a sustainable and inclusive financial future. He emphasized that Egypt is among the first countries in the region to adopt this approach, demonstrating its spirit of innovation and leadership.
Stephan Guimbert, World Bank Country Director for Egypt, Yemen, and Djibouti, described the strategy as a milestone in Egypt’s economic development journey. He commended the government for its comprehensive approach, which reflects a clear vision for a more sustainable and prosperous future.
International partners, including Spain and France, also expressed strong support for the E-INFF. Spanish Ambassador Álvaro Iranzo highlighted the strategy’s importance for effective governance and inclusive responsibility, while Clémence Vidal de la Blache, Country Director of the French Development Agency (AFD) in Egypt, emphasized its role as a catalyst for sustainable development.
The launch of the E-INFF signals Egypt’s determination to mobilize diverse funding sources, including domestic resources, private sector investment, and international partnerships, to achieve its development objectives. The strategy’s emphasis on innovative financing tools, such as green bonds and debt swaps, positions Egypt as a leader in sustainable finance.
