EBRD approves joint country strategy with Egypt 2022/2027

EBRD approves joint country strategy with Egypt 2022/2027

CAIRO - 10 February 2022: The Minister of International Cooperation and Egypt’s Governor at the European Bank for Reconstruction and Development (EBRD) Rania A. Al-Mashat announced the EBRD’s Board of Directors’ endorsement of the new Country Strategy between Egypt and the Bank 2022/2027, during the session that was held on February 9, which comes within the framework of the continuous cooperation with the bank and supports the country’s vision; paving the way for the achievement of the United Nations 2030 Sustainable Development Goals (SDGs). Al-Mashat stated that the new Country Strategy comes in support of the strategic relations between Egypt and the EBRD, and is an outcome of the extensive series of consultations and meetings over the past year, with the participation of all national entities, the private sector, and the civil society, to take into consideration all the national priorities and the goals of the upcoming period, with regards to “Egypt Action” Program plan, and the presidential initiatives, such as the “Decent Life” presidential initiative. The Minister further elaborated that the new Country Strategy with the EBRD for the period 2022/2027, rests on three key pillars: support the country’s efforts to achieve inclusive and sustainable growth for the economy;