Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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.



EBRD discusses cooperation with Egypt on COP 27, bank's post-COVID country strategy
EBRD is committed to helping Egypt overcome economic impact of pandemic: Bowman
Published in Daily News Egypt on 01 - 03 - 2022

Mark Bowman, the Vice President of the European Bank for Reconstruction and Development (EBRD) for Policy and Partnerships, visited Egypt on Tuesday for high-level meetings with government officials and the business community.
The EBRD official will discuss cooperation with Egypt on the upcoming United Nations' Conference of Parties on Climate Change (COP 27) that will be held in Sharm El-Sheikh. The bank will also address its new country strategy and the recovery from the coronavirus (COVID-19) pandemic.
During his stay extending till 7 March, Bowman will meet Minister of International Cooperation and EBRD Governor for Egypt Rania Al-Mashat, Minister of Foreign Affairs Sameh Shoukry, Minister of Finance Mohamed Maait, Minister of Petroleum and Mineral Resources Tarek El-Molla, Minister of Environment Yasmine Fouad, and Minister of Planning and Economic Development Hala El-Said.
He will visit the Suez Canal Economic Zone and meet its Chairperson Yehia Zaki along with Governor of Alexandria Mohamed Taher Al-Sherif, the business community, and EBRD clients.
The EBRD delegation includes Managing Director for the Southern and Eastern Mediterranean (SEMED) region Heike Harmgart, Managing Director for Green Economy and Climate Action Harry Boyd-Carpenter, Director of Infrastructure for SEMED and Turkey Sue Barrett, Director for Gender and Economic Inclusion Barbara Rambousek, and Head of the EBRD in Egypt Khalid Hamza.
Ahead of the visit, Bowman said: "The EBRD is committed to helping Egypt overcome the economic impact of the pandemic and to continue to deliver reforms that secure a sound, sustainable, and inclusive recovery. We are also working with the Egyptian authorities and the private sector to meet their green goals in the run-up to the COP 27 in Sharm El-Sheikh."
Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the bank has invested more than €8.6bn in 144 projects in the country.
Notably, the bank approved its country strategy for Egypt in February, which focuses on three key priorities identified in cooperation with the Egyptian government and aligned with its ambitious, recently launched reform programme.
In the period from 2022 to 2027, the bank will focus on three strategic priorities: Promoting a more inclusive economy for Egyptian businesses, women, and youths; accelerating Egypt's green economy transition; and enhancing the country's competitiveness by supporting private-sector growth and strengthening governance.
Over the past decade, the bank focused on investment in renewable energy, improving sustainable infrastructure, strengthening the competitiveness of the private sector — including small firms — as well as promoting greater job and training opportunities for women, young people, and people in remote areas.


Clic here to read the story from its source.