Egypt's Minister Rania A. Al-Mashat revealed that successful stories are the main driver of Africa's sustainable development as the world pursues a transformative recovery from COVID-19.
" At this crucial time, successful stories for Africa’s development can bring about new governance standards for Africa in terms of managing its vast resources," Al-Mashat said.
These remarks came during the opening of the first workshop session titled ‘Mapping ODA to SDGs: A Tool for Effective Policy Making’ at the Egypt-International Cooperation Forum.
In this regard, Mashat noted that the next critical stage to drive Africa’s development is not solely concerned with the size of funding, but with sharing successful experiences in governance among neighboring countries that can create a domino effect in the implementation of development projects across the continent.
The minister added that Egypt has a pioneering experience, implemented by the Ministry of International Cooperation, in promoting country ownership through mapping development financing with the 17 UN sustainable development goals, which is the second pillar of the principles of economic diplomacy.
She also highlighted that Egypt is positioning itself as a regional leader in promoting regional cooperation and transferring expertise and experience in development, explaining that achieving the sustainable development goals requires an effective system of governance that includes vigilant monitoring and analysis of the results and outputs produced to determine the impact and the progress that has been achieved.
“It is hoped that these success stories inspire governments and stakeholders to reduce the risk of future potential emergencies and deliver on the ambitious and inclusive vision of the 2030 Agenda,” she noted.
Traditional forms of governance are no longer fit for problems that are cross-border in their impact, the Minister added, which is Egypt has been on implementing coordinated governance to ensure the participation of all stakeholders in society: international development partners, the private sector, and civil society, noting that Egypt's perse and cross-sectoral portfolio with several partners amounts to 25 billion dollars.
Egypt is strengthening economic diplomacy through 3 key principles: regularly organizing Multi-Stakeholder Platforms to ensure that all projects are streamlined and effectively coordinated; mapping Official Development Assistance to the SDGs; and adopting a consistent Global Partnerships Narrative which is People & Projects & Purpose to highlight the success stories that were achieved.
Under the theme of "Engaging for Impact”, the first edition of “Egypt - International Cooperation Forum (ICF) opened in Cairo, from Sep. 8th to 9th with the participation of 42 representatives of distinguished national, regional, and international policymakers, private-sector stakeholders, development leaders, civil society bodies, and think tanks.
It's worth mentioning that this massive event is organized by Egypt’s Ministry of International Cooperation, in coordination with the European Bank for Reconstruction and Development, the Organization for Economic Co-operation and Development (OECD), the World Bank Group, and the African Development Bank.
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