Heads of multilateral development organizations and ambassadors of bilateral partners acknowledged the new global partnership narrative which was unveiled by the Ministry of International Cooperation to ensure that SDGs objectives are not overlooked as countries continue focusing on combating the virus.
They also acknowledge the Government of Egypt’s efforts to mitigate the negative consequences of the novel corona virus.
The acknowledgments were delivered during the video conference they attended last week with H.E. the Minister of International Cooperation.
Minister Rania Al-Mashat underscored that the Government of Egypt has been working to protect the population from the virus, provide easier access to credit to help households smooth consumption and liquidity for firms to survive the disruption, and push progress by expediting structural reforms through and beyond COVID-19″.
Al-Mashat added, Through our New Global Partnerships Framework and communication framework, the Ministry of International Cooperation aims to ensure that COVID-19 does not derail us from pushing forward with the SDG agenda. It is an innovative means to transparently showcase projects with purpose and their impact on people to boost inclusive growth as a means to promote SDGs and bolster credibility.
Al-Mashat recognized the work that has been done through the past decade between Egypt and its International multilateral and bilateral development partners and praised the value of the international cooperation in supporting the Egyptian economy. She highlighted that the vision of the ministry is to support the development cooperation through multilateral and bilateral partnerships as well as with private sector and civil society to achieve the objectives of the national development agenda Egypt 2030 in line with the UN SDGs.
AfDB welcomes outreach by the Ministry of International Cooperation, Egypt continues to show its resilience in the face of global adversity with the Government taking rapid and solid actions said Malinne Blomberg, Country Manager at African Development Bank Group in Egypt. Now more than ever, leadership is about communication and coordination of partners, and the outreach by the Minister of International Cooperation to the Development Partners is an essential step that helps the AfDB maximize our contribution to Egypts needs, both immediately and longer term. The African Development Bank has just issued a $3 billion social bond to support Coronavirus responses in its member countries, including Egypt.
The EBRD is working urgently across Egypt to deliver our €1 billion global solidarity package to companies and banks that are suffering from the impact of the coronavirus pandemic. We already working with existing clients across Egypt to understand their needs and support them with working capital, trade finance as well as taking an enabling view to re-scheduling if existing loans. Said Dr. Heike Harmgart, Managing Director Southern and Eastern Mediterranean in EBRD.