CAIRO – The Egyptian government is working on speeding up the implementation of the 2030 Agenda, which calls for exploiting current capital flows more effectively, Minister of Planning and Economic Development Hala el-Saeed said.
It will also require taking into account new sources of finance and attracting adaptive, predictable and flexible finance, Saeed added in a recorded speech for the official launch of the Integrated National Financing Frameworks Facility (INFFs), organized by the UN Department of Economic and Social Affairs (UNDESA), the UN Development Program (UNDP), and the Organization for Economic Cooperation and Development (OECD) on the margins of the 7th UN ECOSOC Forum on Financing for Development (FfD Forum) held on April 25-28 in New York.
Saeed noted that the State is also diligently working for promoting investments in main sectors and SDG accelerators, including education, healthcare, climate projects, water security, and transport projects.
She explained that INFFs will remarkably contribute to reconciling development finance needs, which exceed current flows to a great extend, not to mention their pivotal role in raising awareness of development finance priority areas in consistency with sustainable development goals (SDGs).
The Integrated national financing frameworks (INFFs) provide a framework for financing national sustainable development priorities and the SDGs at the country level. INFFs help countries incorporate financing in national planning, and ensure that all financing policies are meant to advance the realization of the Sustainable Development Goals. They also prepare countries to deal with complexity and unpredictability.
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