Egypt, EBRD launch 2022-2027 country strategy

The event witnessed the participation of stakeholders from the government, the EBRD, the private sector, representatives of parliament, and civil society organisations.

The new framework is based on a holistic scheme of an inclusive-green-growth nexus, which reflects Egypt’s role as a regional leader in its transition to a green economy.

The strategy consists of green and inclusive growth objectives, which is a novel development model that enables Egypt to embark on the path towards more effective sustainable development as per Egypt’s 2030 Vision.

It centres on three key priorities: Promoting a more inclusive economy for Egyptian businesses, women, and youths; accelerating Egypt’s green economy transition; and boosting the country’s competitiveness by supporting private-sector growth and strengthening governance.

During the ceremony, Egypt’s Minister of International Cooperation Rania Al-Mashat said that this new country strategy comes at a critical time, as the global sentiment is now focused on driving the green finance agenda forward and addressing climate change, equity, and governance.