Egypt’s International Co-operation Minister Rania Mashat said that the 27th United Nations Climate Change conference (COP27), expected to be held in November in Sharm el Sheikh, is considered as an opportunity to shed light on Africa’s efforts to transform to the green economy, reduce harmful emission and provide funds required.
This came during her participation in the online session over the green development and the African Continental Free Trade Agreement (AfCFTA) within the activities of the 54th session of the ECA Conference of Ministers of Finance, Planning and Economic Development (CoM2022).
The minister also stressed the importance of the developmental banks and international institutions to enhance green development in Africa, pointing out at Egypt’s expertise in international co-operation and developmental funding domain.
The 54th of the CoM2022 kicked off on May 11. It is co-hosted by the UN Economic Commission for Africa (ECA) and the government of Senegal on the theme “Financing Africa’s Recovery: Breaking New Ground.”
The event draws seasoned and high-level panelists from governments, academia, private sector, as well as central bank governors from within and outside Africa.
The choice of theme for CoM2022 was largely influenced by the fact that development financing gaps have widened significantly since the outbreak of the pandemic.
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