Egypt obtained $38.8B in financing in past 4 years to support SDG progress, Al -Mashat

Egypt’s Ministry of International Cooperation (MoIC) attracted $38.8 billion in financing through several multilateral development partners in the past four years to support the country’s sustainable development goals.

In its annual report “Platforms for Policy & Practice,” released during a press conference on Sunday, MoIC Minister Rania Al-Mashat stated that the ministry secured $28.5 billion for the public sector and $10.3 billion for the private sector between 2020 and 2023.

“This year has been an incredibly challenging one, to say the least. However, through new and enhanced partnerships, as well as our commitment to strategic cooperation and innovative financing, we are putting people at the center of our decisions today, tomorrow, and in the years to come,” wrote Al-Mashat in the report.

The financing was distributed to support the country’s green transition, food security, sustainable infrastructure, human capital, and employment rates.

Al-Mashat clarified that the financing was “dedicated to accelerating progress towards sustainable development in electricity, renewable energy, transportation, MSMEs, water, education, health, and many other sectors".