Egypt’s International Cooperation Minister Rania el Mashat discussed with Assistant Secretary General for UN Global Compact (UNCG) Sanda Ojiambo joint cooperation opportunities, boosting South-South cooperation and the role of the UNCG in issuing blue bonds.
The UNCG is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.
In a press statement, the minister said Egypt, as one of the founders of the UN, laid down a long-term vision to carry out 2030 Sustainable Development Goals in a way that complies with Egypt vision 2030.
As part of the National Strategy for Climate Change, Egypt made a climate adaptation project list to finance green projects in the energy, food and water domains.
The projects are launched under the umbrella of “Nouwfi” program for financing and investing in climate projects in the water, food and energy sectors.
She added that the program aims at accelerating efforts to convert to green economy, set up more flexible and lasting economic models, enhance climate financing and give more than one chance for partnership with private sector in carrying out eco-friendly projects.
The UN official reiterated readiness to cooperate with Egypt in light of its hosting of the COP27 conference in November in the Red Sea resort of Sharm el Sheikh.
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