Minister of International Cooperation Rania Al-Mashat met, on Thursday, with Minister of Social Solidarity Nevine El-Kabbaj to discuss the outcomes of the latter’s meeting with the World Bank on development finance policies.
The two ministers also reviewed their joint projects in the social protection field.
During the meeting, they discussed the projects that are being implemented in cooperation with development partners in the field of social protection, the most important of which is the Takaful and Karama programme, funded by the World Bank.
The two ministers agreed that the year 2021 will witness showcasing the reforms implemented in the field of social protection and organising efforts in civil work to the international community.
Al-Mashat stressed the importance of deepening cooperation with multilateral and bilateral development partners to support implemented social protection projects, especially since the World Food Program is currently implementing the country strategy with Egypt until 2023, which targets supporting 500 villages.
El-Kabbaj indicated that the state was able to provide a global model for social protection networks, represented in the Takaful and Karama project.
She added that the Ministry of Social Solidarity is working in coordination with various ministries, international partners, and civil society organisations to implement various social protection programmes.
The Ministry of International Cooperation has matched the ongoing development financing portfolio of $25bn with the United Nations’ sustainable development goals (SDG). The number of projects within Goal 1 of poverty eradication has reached 20 projects worth $1.328bn, while the projects under Goal 2 of hunger eradication reached 17 projects valued at $486m.
The Ministry of International Cooperation issued a report on the volume of development funds that it was able to agree on since January 2020, reaching $7.3bn, of which $2.7bn was for the private sector, and $4.5bn was for public developmental sectors.