Al-Mashad discusses strengthening joint economic cooperation with the United Kingdom

They discussed the joint economic relations between Egypt and the United Kingdom and the cooperation within the framework of the Egyptian leadership of the COP27 of the United Nations Climate Conference, especially at the financial day level taking place within the activities of the international conference. The results of an earlier meeting with Commonwealth and North African Affairs Minister Prabhu Ahmed in the United Kingdom and the impact of emerging markets, the global food crisis and the outcome of air travel were discussed. Russian money.

During the meeting, the Minister of International Cooperation noted the outstanding relations between Egypt with bilateral and bilateral development partners and the financial assistance received by the Government for development policies over the past year from the World Bank and the Asian Infrastructure Investment Bank. $ 720 million, which enhances the continuity of government efforts for structural reforms, enhancing the role of the private sector in growth and promoting efforts to empower women.

The Minister of International Cooperation also stressed the importance of the United Nations Climate Conference to be held in Egypt later this year, referring to the ongoing discussions between the Government and the Multilateral and Bilateral Development Partners to continue the efforts of the international community in the field of climate action and to highlight Africa’s ambitions on the transition to a green economy. Collaborate on the day.

He emphasized the importance of innovative funding in advancing climate change, expanding the base of private sector participation in financing adaptation programs and mitigating the effects of climate change, and the role that diversified development banks should play in promoting this type of financing. The Government is working to develop strategies for collaborative action.

He also drew attention to the possibility of incorporating green fund components to enhance the implementation of credit transfer programs and eco-friendly programs for development between Egypt, Germany and Italy. The meeting also discussed efforts to improve meal time and social security networks.