Egypt, African Development Bank launch New Country Strategy 2022-26 during Egypt-ICF

Egypt, African Development Bank launch New Country Strategy 2022-26 during Egypt-ICF

Egypt’s Ministry of International Cooperation and the African Development Bank (AfDB) launched on Thursday the New Country strategy 2022-2026 on the sidelines of the Egypt-International Cooperation Forum (Egypt-ICF 2022).

The launching ceremony witnessed the participation of Minister of Environment, Yasmine Fouad, Kevin Orama, Vice President of the African Development Bank for Economic Governance and Knowledge, Sherif El-Gabali, Member of the House of Representatives and Vice-Chairperson of the African Affairs Committee, and Kevin Kariuki, Vice President of the African Development Bank for Energy and Green Growth.

The AfDB’s Board of Directors approved the strategy in June, which is a result of an inclusive decision-making process and close collaboration with a variety of stakeholders led by the Ministry of International Cooperation, including Egyptian authorities, development partners, the private sector, and civil society.

Understanding more deeply the national policy context, the new country strategy builds on the achievements and lessons learned from previous strategies and enhances the cooperation between the Bank and Government of Egypt over five years.

The main objectives of the CSP 2022-2026 with the African Development Bank are gender-responsive climate action, improved climate-smart agriculture practices and increased renewable energy generation capacity.

“At the outset, I am pleased to express my sincere gratitude and appreciation to