The Sunday meeting focused on the progress of the program’s third phase, valued at $100m, and discussed the potential scope of a fourth phase.
The third phase is funding a range of development projects in food security, agriculture, higher education, civil society, environmental conservation, cultural heritage preservation, women’s empowerment, wheat storage infrastructure, and child protection.
Al-Mashat commended the debt swap mechanism, noting that it serves as a model for other development partners. The program aims to alleviate Egypt’s external debt burden while supporting projects aligned with national priorities.
The committee emphasized the importance of regular meetings to ensure efficient implementation and maximum impact.
The meeting addressed the status of various projects within the third phase, including strategies to overcome obstacles and maximize the use of available funds. Al-Mashat underscored the Ministry’s commitment to coordinating with relevant ministries and stakeholders to develop a comprehensive vision for utilizing the remaining funds to complete ongoing projects by the end of the year.