Mashat, US envoy review bilateral cooperation

Minister of International Cooperation Rania el-Mashat had talks on Wednesday with US Charge d’Affaires in Cairo Daniel Rubinstein.

The talks fall within the framework of periodical meetings with development partners to follow up ongoing work and international partnerships aiming at promoting sustainable development efforts and incentivize transformation to green economy.

During the meeting, Mashat underlined the depth of the Egyptian-US historic ties, referring to cooperation at the economic level.

This has positively affected the development efforts in the fields of education, health, small businesses and tourism.

The minister reviewed the outcome of the 27th United Nations Climate Change Conference (COP27).

She added that the joint political declaration – issued by Egypt, the US and Germany – reflects international support Egypt’s transition to clean energy.

She referred also to the launch of several national initiatives, including the Sharm El Sheikh Guidebook for Just Financing and the Nexus of Water, Food and Energy (NWFE) Program.

She noted that the investment portfolio of the United States International Development Finance Corporation (DFC) stood at dlrs 1.5 billion in the fields of infrastructure, financial services and healthcare.

Meanwhile, US Charge d’Affaires in Cairo Daniel Rubinstein stressed his country’s keenness on promoting economic cooperation with Egypt, hailing economic reforms in Egypt over the past years to maintain economic stability.

He commended the new agreement between Egypt and the International Monetary Fund (IMF).