Egypt is seeking to deepen collaboration on joint projects in economic development, budget support, and structural reforms with the Asian Infrastructure Investment Bank (AIIB).

Minister of International Cooperation Rania Al-Mashat met with Chief of Government Relations and Africa at the UN Global Compact Tolulope Lewis-Tamoka to explore means of joint cooperation.

The Minister of International Cooperation Rania Al-Mashat has welcomed a delegation from the European Investment Bank (EIB) to mull over ways to strengthen cooperation in the field of water resources management.

The Ministry of International Cooperation is exploring the implementation updates of the Development Policy Financing (DPF) program and following up on the technical discussions of the Climate Resilient Agri-Food Transformation (CRAFT) project with the World Bank Group (WBG).

The Ministry of International Cooperation has signed two grant agreements worth $19 million with Switzerland.

The Egyptian Space Agency (EgSA) has launched the Misr Sat-2 satellite, according to a statement by the Egyptian Ministry of International Cooperation.

Microsoft Egypt has signed a memorandum of understanding (MoU) with the United Nations Development Programme (UNDP) to boost innovation in development sectors.

Egyptian Minister of International Cooperation Rania Al-Mashat met with Executive Vice President of HSBC Bank David Eldon to mull ways of strengthening cooperation.

Egyptian Minister of International Cooperation Rania Al-Mashat and the Executive Director of JP Morgan Chase’s office in Egypt Soha Ali have discussed ways to enhance joint cooperation.

The German Development Bank (KfW), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), has signed a €54 million debt swap agreement with Egyptian Ministries of International Cooperation and Electricity and the Central Bank of Egypt (CBE).

It is worth noting that the ongoing development cooperation portfolio between Egypt and the US amounts to about $1 billion since 2014, under which projects are being developed and financed in several sectors, including tourism, agriculture, small- and medium-sized enterprises (SMEs), and education.

Witnessed by the International Cooperation Minister Rania Al-Mashat, the agreement was signed with the participation of Minister of Water Resources and Irrigation Hani Sewilam, the UN Resident Coordinator in Egypt Elena Panova, the Ambassador of Japan to Cairo Oka Hiroshi, and the FAO’s representative in Egypt Nasr El-Din Haj El-Amin.

Egypt has secured a development grant worth $9.13 million from the World Bank Group funded by the Global Environment Facility to expand the Greater Cairo Air Pollution Management and Climate Change Project.