Under the patronage of President Abdel Fattah el-Sisi, President of the Arab Republic of Egypt, 60 days before the COP27 climate summit, the second edition of the Egyptian Forum for International Cooperation and Development Finance Egypt-ICF2022 and the meeting of African Ministers of Finance, Economy and Environment, in the new administrative capital, will begin from September 7-9. The Forum is organized by the Ministry of International Cooperation, in partnership with the Ministries of Foreign Affairs, Finance and Environment, and in cooperation with the United Nations Economic Commission for Africa.
Dr Rania Al-Mashat, Minister of International Cooperation, said that the second edition of the Egyptian Forum for International Cooperation and Development Finance was of particular importance, launching ahead of the Conference of the Parties to the UN Framework Convention on Climate Change (COP27), which included a meeting of African Ministers of Economy, Finance and Environment to discuss the consolidation of messages and insights to mobilize the international community's efforts to support the climate agenda.
She explained that the Forum discusses several pressing development themes and issues at this time, including stimulating innovative and mixed financing mechanisms to finance climate change adaptation projects and increasing the base of private sector participation in development, and moving forward towards food security to ensure a better future for the continent's countries.
The Minister of International Cooperation added that the forum will also highlight Egypt's national efforts to achieve development that is closely linked to climate action, through the implementation of green projects, focus on what has recently been implemented in various development sectors, and showcase Egypt's preparations for the climate summit, including the launch of the National Investment Platform for Green Projects and Climate Action “NWFE ".
It is a national programme and regional approach to linking international climate and development issues while mobilizing concessional development financing for a package of priority green development projects in the food, water and energy sectors within the framework of Egypt's Comprehensive National Climate Strategy 2050.
In its second edition, the events of the Egyptian Forum for International Cooperation and Financing for Development range from panel discussions, workshops, round tables and training events, in which relevant parties participate to stimulate development efforts and climate action.