The second Egypt-International Co-operation Forum (Egypt-ICF) will be held at the New Administrative Capital from September 7-9, under the patronage of President Abdel Fattah El Sisi.
The forum is organised by the Ministry of International Co-operation in partnership with the Ministry of Foreign Affairs, the Ministry of Finance, and the Ministry of Environment, with the United Nations Economic Commission for Africa as the co-convener.
Minister of International Co-operation Rania al-Mashaat said this year’s Egypt-ICF is of particular importance as it will be launched ahead of COP27 climate summit to be held in Sharm el-Sheikh this November.
Al-Mashaat said the forum discusses a variety of urgent development issues, including stimulating innovative and blended finance mechanisms to finance climate projects and to increase private sector participation, as we move from “pledges to implementation”.
The forum will highlight the country’s efforts in achieving development closely linked to climate action, al-Mashaat said.
Discussions will cover the implementation of green projects, preparations for COP27, and the launch of the NWFE Programme, within the framework of the National Climate Change Strategy 2050, she said.
The objectives of the Egypt-ICF are in line with the main COP27 objectives, which include going from pledges to implementation at global level.
Many multilateral and bilateral development partners, IFIs, private sector, civil society and academics will be attending the Egypt-ICF this year.
Among the participants is Amina J. Mohamed, the Deputy Secretary-General of the UN and Chair of the United Nations Sustainable Development Group, Mark Carney, Co-Chairman of GFANZ and UN Special Envoy on Climate Action and Finance and US Special Presidential Envoy for Climate John Kerry.
The Egypt-ICF is organised in partnership with the African Export-Import Bank, African Development Bank, the World Bank Group, the Climate Investment Funds, the Arab Bank for Economic Development in Africa, International Islamic Trade Finance Corporation, the International Finance Corporation, Banque Misr and the National Bank of Egypt.
The first Egypt-ICF was held last year and witnessed the participation of 1500 representatives of governments in Africa, Europe and Latin America, multilateral and bilateral development partners, the private sector and civil society.
The 1st edition’s forum’s recommendations included multilateral co-operation, strengthening South-South and Triangular co-operation, mechanisms for advancing the sustainable development agenda, stimulating private sector, and the transition towards climate action.
