Egypt, IIF discuss ways to enhance bilateral cooperation on COP27

Egypt, IIF discuss ways to enhance bilateral cooperation on COP27

Egypt - Rania Al-Mashat, Egypt’s Minister of International Cooperation, has met via video conference with Sonja Gibbs, Executive Director and Head of Sustainable Finance at the Institute of International Finance (IIF), in the presence of Engel Wolfgang, Regional President for the Middle East and Africa, to discuss bilateral cooperation on the United Nations Conference for Climate Change (COP27).

During the meeting, the Minister reviewed Egypt’s preparations for the conference scheduled to be held in Sharm El-Sheikh in November. She affirmed the Egyptian government’s keenness to enhance ways of joint action with international financial institutions and multilateral development banks, to enhance climate action efforts within the framework of its presidency of COP27.

Al-Mashat emphasized the need to move from climate pledges to implementation, explaining that Egypt has launched the national strategy for climate change and is working to update its national contribution on climate action, and a list of green projects to be funded during the coming period is being drawn up as part of efforts to transition to a green economy.

Al-Mashat pointed out the great importance of the upcoming climate conference to enhance international efforts in the field of climate action and combat the negative repercussions of climate change, especially for Africa