Planning Minister partakes in WFP roundtable on debt swaps for development
Minister of Planning, Economic Development, and International Cooperation Rania Al Mashat said effective partnerships, national ownership, integration, and a resilient governance structure are key factors in the success of debt swap programs.
Mashat made the remarks during a World Food Program (WFP) roundtable discussion hosted by Spain on debt swaps for sustainable development and building resilient food systems, the ministry said in a press release on Friday 28/3/2025.
Participants explored practical ways to enhance policy and operational frameworks for debt swaps and how to mobilize global support to integrate the debt-for-development swap tool into the international development finance agenda.
Reviewing Egypt’s debt swap experience as well as her ministry’s role in this regard, Mashat showcased the country’s success stories, including the fruitful cooperation with Italy, which helped in securing the funds needed for 114 development projects in various fields, and a debt swap program with Germany under Egypt’s Nexus on Water, Food and Energy (NWFE) platform – a part of Egypt’s National Climate Change Strategy (NCCS) 2050.