“Coordinating with international partners is critical to aligning future priorities with the state’s investment plans,” stated Dr. Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation.
Al-Mashat has taken a proactive approach to building partnerships. She 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.
Integrating 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.
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’s efforts began with a purposeful meeting with Ambassador Christian Berger, Head of the European Union (EU) Delegation to Egypt, and officials from both sides. The discussions were strategic, focusing on 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.
