Al-Mashat highlights NWFE program, Sharm El-Sheikh Guidebook for Just Financing, Egypt’s debt swap experience in UNESCWA – Egypt Today

Al-Mashat highlights NWFE program, Sharm El-Sheikh Guidebook for Just Financing, Egypt’s debt swap experience in UNESCWA – Egypt Today

CAIRO - 18 September 2022: Minister of International Cooperation, Rania A. Al-Mashat participated in the “Towards COP27: Arab Regional Forum, High-Level Panel on Mobilizing Climate Finance'' session held by the United Nations Economic and Social Commission for West Asia (UNESCWA). Al-Mashat met with the UNESCWA’s Executive Secretary Rola Dashti where they discussed Egypt’s Country Platform for the NWFE Program, the Sharm El-Sheikh Guidebook for Just Financing, and Egypt’s country experience on debt swaps with Italy and Germany. In the meeting, Al-Mashat discussed the efforts made in preparing the Sharm El-Sheikh Guidebook for Just Financing, which was launched during the Egypt - International Cooperation Forum’s second edition. The Minister explained that over the past period, the guidebook was prepared in cooperation with about 70 development partners, international financial institutions, and commercial and investment banks, as part of preparations ahead of COP27. Al-Mashat elaborated that the Sharm El-Sheikh Guidebook for Just Financing aims to develop a practical framework to achieve integration among all relevant parties in terms of climate finance, to enhance the availability of development finance in developing countries and to utilize it through investment opportunities in environmentally friendly sectors by determining an action plan and operational measures that can be