Egypt's PM, JICA chief discuss boosting investment, education ties at TICAD 9    Egyptian pound wavers vs. USD in early trade    SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt presents New Global Partnerships Narrative with international partners
Measures to contain impacts of COVID-19 should not derail development, says Dr Al-Mashat
Published in Daily News Egypt on 05 - 04 - 2020

Egypt's Minister of International Cooperation, Dr Rania Al-Mashat, has presented a New Global Partnerships Narrative during a Sunday videoconference meeting with over 100 international development organization representatives.
The meeting was held to discuss future economic cooperation as a result of the ongoing coronavirus (COVID19) pandemic, a ministerial statement said.
The meeting was attended by representatives from a range of international organisations, including the UN, the World Bank Group, the International Monetary Fund (IMF), the African Development Bank, and the European Bank for Reconstruction and Development, among others.
Dr Al-Mashat highlighted the coronavirus' possible impact on sustainable development goals (SDGs). She added that all measures mitigating the virus' impact should not derail development efforts from their intended purposes, especially for achieving the SDGs.
The meeting is an important platform set up by the Ministry of International Cooperation for discussions on the immediate COVID-19 crisis response. It aims to create an action plan beyond this period through a coordinated effort aligning with national priorities.
Dr Al-Mashat acknowledged the work that Egypt and its development partners have undertaken over the past decade, and praised the value of international cooperation in supporting the Egyptian economy.
The Egyptian government has applied a simplified fast track process for approving international financing in efforts to combat the further spread of the coronavirus, Dr Al-Mashat said. She also provided detailed insight on the preparations carried out by the Egyptian healthcare system and its governance in controlling the outbreak.
The ministers comments were followed by a detailed discussion on Egypt's fiscal and monetary macroeconomic policy responses, and the structural reforms aimed at reversing the recession.
Dr Al-Mashat underscored the various fiscal and monetary policies undertaken to date to help reduce the recession's financial impact on households and the private sector. These steps have also been to mitigate the possible slowdown in economic activities.
The US has been working with Egypt for over 40 years in a range of sectors, including healthcare, youth projects, education and the emplowerment of women, said Sherry Carlin, USAID's Mission Director in Egypt. Carlin confirmed that USAID remains committed to its continued support of Egypt, especially in light of the ongoing coronavirus outbreak.
Marina Wes, World Bank Country Director for Egypt, Yemen and Djibouti, added that the World Bank remains ready to support Egypt in its effort to confront the immediate health emergency and mitigate the socio-economic impacts of the COVID-19 pandemic.


Clic here to read the story from its source.