Rania Al-Mashat, Minister of International Cooperation and Mrs. Randa Hamza, Assistant Minister of International Cooperation for Planning and Monitoring are launching a book titled “Stakeholder Engagement Through Economic Diplomacy” next Tuesday, the 29th of June. The book showcases Egypt’s pioneering experience in the field of international cooperation and development finance and is going to be published by the London School of Economics.
The international book launch event will be held in the presence of Ms. Minouche Shafik, Director of the London School of Economics; Ms. Carmen Reinhart, Vice President and Chief Economist of the World Bank Group and Professor at Harvard University; and Mr. Eric Berglöf, Chief Economist at the Asian Infrastructure Investment Bank; along with representatives from the United Nations, the Organization for Economic Co-operation and Development (OECD) and from many other international financial institutions.
The book highlights the Ministry’s establishment of an institutional framework for Economic Diplomacy for the Arab Republic of Egypt. The framework aims to consolidate Egypt's economic relations with multilateral and bilateral development partners to enhance international cooperation and development financing. The book promotes as well as Egypt’s successful development endeavors and serves as a manual for developing and emerging countries to transfer knowledge and experience.
The book also presents the modern international methodologies in the field of international cooperation and sustainable development, elucidating how the Ministry of International Cooperation has been actively implementing these methodologies in Egypt. The Ministry seeks to utilize the modern tools in order to foster impactful international partnerships with multilateral and bilateral development partners, and to accelerate the implementation of Egypt’s Vision 2030 and the 17 UN SDGs.
Al-Mashat presented to President Abdel Fattah El Sisi yesterday, the efforts invested in curating the content of the book in order to document Egypt’s pioneering experience in international cooperation and development finance, crafting a model for other emerging and developing countries. Egypt is pironeerting in the implementation of the global sustainability targets, mitigating the socioeconomic challenges in the last few years.
Pushing towards the SDGs, the Minister launches the full map for the allocation of the Official Development Assistance (ODA) to the Sustainable Development Goals (SDGs). The map showcases the Ministry of International Cooperation’s portfolio of projects with the detailed allocation of the $25 billion development financing across the 377 projects.
The ODA-SDG Mapping identifies the projects implemented within the framework of each sustainability goal, as well as the development partner that finances the project, the sector in focus, and the beneficiaries from the public and private sectors. In addition, the map keeps track of the impact and efficiency of the multilateral and bilateral partnerships and how they push towards the achievement of the national and global development agendas.
The Ministry of International Cooperation works in accordance with Presidential Decree No. 303 of 2004 to develop and strengthen economic cooperation relations between the Arab Republic of Egypt, other countries, and international and regional organizations. The decree proposes standards and regulations for external borrowing and foreign grants, as well for monitoring local borrowing entities, and for the reimbursement and the follow-up on the beneficiaries. It further coordinates the economic relations of Egypt with economic cooperation institutions, international financial institutions, and specialized agencies of the United Nations.
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