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Al-Mashad discusses British Ambassador's cooperation in the structure of the Climate Summit

Al-Mashad discusses British Ambassador’s cooperation in the structure of the Climate Summit

12:46 pm

Sunday 03 April 2022

Books – Mustafa Eid:

During a meeting with British Ambassador to Cairo Gareth Bailey, Minister of International Cooperation Dr. Rania Al-Mashad discussed a number of joint cooperation files, including Egypt-British bilateral relations and development cooperation initiatives through the British Finance Corporation (CDC). ), And joint cooperation within the framework of the President of Egypt on the COP27 Climate Summit.

The two sides discussed the development of innovative financial initiatives to support plans to implement sustainable development in Egypt, according to a report by the Ministry of International Cooperation on Sunday. Kingdom last month.

Al-Mashad noted his recent visit to the United Kingdom and his meeting with the British Prime Minister and several British officials, including Lord Ahmed, Special Representative of the Minister for Commonwealth, United Nations and North African Affairs. Meetings with the British Development Corporation (CDC) and the British Export Credit Agency (UKEF), as well as climate action companies and development partners.

Al-Mashad also highlighted the development of Egyptian-British bilateral relations by signing a statement in January 2020 promoting joint economic cooperation. By the World Bank.

He noted the technical cooperation with finance officials and ministries in Egypt in the context of combating climate change efforts, enhancing cooperation in strengthening agricultural value chains, as well as supporting the central unit for public-private partnerships in the Ministry of Finance. Emphasizes Egypt’s interest in updating the Joint Economic Cooperation Report with the Kingdom.

The Minister spoke about the opportunities for joint cooperation between Egypt and the United Kingdom in the field of climate action and the preparations for Egypt’s leadership of the Conference of Parties to the United Nations Climate Conference, especially after Glasgow in the United Kingdom. E, and the importance of deepening cooperation in the field of innovative financing to stimulate the participation of the private sector and stakeholders in supporting climate action initiatives.

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During his visit to the United Kingdom, the Minister for International Cooperation met with a number of climate-related stakeholders, including the Climate Investment Fund Foundation (CIF) and the Grantham Institute for Climate Change and Environmental Research at the London School of Economics. , According to the report.

Al-Mashad discussed the cooperation between Egypt and the United Kingdom through the Climate Fund Accelerator (CFA) launched by the United Kingdom, which provides technical support worth 19 19 million through various projects and aims to work with 8 emerging markets. Develop banking plans to reduce harmful emissions.

He stressed the importance of stimulus initiatives for innovative financing and mixed funding, as well as discussions with the Ministry of International Cooperation, Multilateral and Bilateral Development Parties, and the COP27 Climate Conference to support this transformation to enhance Egypt’s role in achieving green change.

Discussions also focused on the government’s efforts to achieve integrated development in the Egyptian countryside through the President’s initiative of “a decent life” and increasing their participation in bilateral cooperation and development efforts between Egypt and Britain in empowerment programs for women and girls. Especially the green change.

The two sides also discussed areas of future cooperation between the two countries, within the framework of the priorities of the Egyptian government, particularly in the areas of health, education, communication, information technology, digitalization, small and medium enterprises, women’s empowerment, education and vocational training. And value chains.

In light of Egypt’s presidency at the Twenty-seventh Session of the COP27 Climate Summit in the United Kingdom last year, the British Ambassador reaffirmed the British Government’s interest in enhancing cooperation with Egypt in various fields.

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