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$486 million to implement 17 projects to enhance food security


The Ministry of International Cooperation revealed the volume of ongoing funds made available by multilateral and bilateral development partners to support the state’s strategy to enhance food security and achieve the second goal of the sustainable development goals, amounting to $486 million to implement 17 projects in 22 locations covering all governorates of the Republic.


According to the map of matching development finances with the United Nations Sustainable Development Goals, the funds available to implement the second goal of the sustainable development goals are divided into 112 million dollars in non-refundable grants, and 374 million dollars in funding from 11 development partners, including the Food and Agriculture Organization, the Kuwait Fund for Development and the International Fund for Development Agriculture and others, and these funds represent 1.89% of the current portfolio of the Ministry of International Cooperation, which is worth $25.6 billion.


Executed projects details

Among the projects implemented to eradicate hunger and enhance food security, the United States of America grant worth 72.5 million dollars in favor of the Ministry of Agriculture, to implement the agricultural business development project, with the aim of supporting the Egyptian economy to become more competitive and inclusive through growth in the selected sectors in the fields of agriculture, and enhancing competitiveness For the private sector, improving farm productivity and improving the marketing of crops and agricultural products.


 

In addition to the funding available with the Saudi Fund for Development, amounting to 427.5 million riyals, equivalent to 114 million dollars, with the aim of establishing a number of grain storage silos in a number of governorates, and making a structural change and development in the storage method to increase its efficiency, reduce wastage of grain and maintain its quality, and increase storage capacities. To store local wheat in places of production.

 

The Saudi Fund for Development is also financing the project to establish a water desalination plant complementing the Arish plant, with a capacity of 100,000 m 3 / day and expandable in the future up to 300,000 m 3 / day, with a value of 362.5 million riyals, equivalent to $ 96.6 million, and the project is implemented by the Ministry of Housing, Utilities and Urban Communities, The project achieves a major goal, the second goal related to eradicating hunger, as well as related goals, including the eighth goal: decent work and economic growth, and the seventeenth goal: partnerships to achieve the goals.

 

The Kuwait Fund for Development provided development financing worth 45 million Kuwaiti dinars, equivalent to 149.4 million dollars, for the benefit of the Ministry of Water Resources and Irrigation, to implement a project to develop and reclaim 400,000 feddans in North Sinai, to achieve sustainable and wide-ranging economic growth for North Sinai Governorate, improve and increase agricultural productivity and create urban communities. New, linking Sinai to the delta region and making it a natural extension of the valley.

 

Al-Mashat explained that within the framework of the ministry's keenness to consolidate the principles of transparency and governance and enhance communication with citizens, the map of matching development funds made it possible, in application of the second principle of economic diplomacy, which allows citizens and development partners to view the details of all projects implemented in the governorates of the Republic in various sectors. , divided according to the sustainable development goals, as well as according to geographical distribution.

 

Al-Mashat stressed that the map of matching development finances with the UN goals for sustainable development enables the state to meet the needs and priorities of development, by identifying what has been implemented and identifying the gaps, so that it can direct future partnerships to these gaps, and also promotes transparent and effective communication with the parties. Relevant citizens and to learn about the details of national development efforts made through international partnerships.

 

It is worth noting that Dr. Rania Al-Mashat, Minister of International Cooperation, launched with the London School of Economics the book “Principles of Economic Diplomacy for the Arab Republic of Egypt to Strengthen International Cooperation and Development Finance”, in a global event attended by economic figures in many international institutions and the world, and also launched a map of matching development finances. with the sustainable development goals.


International praise for the map of matching development finances with the sustainable development goals

The participants praised the matching of development finance with the sustainable development goals, as Ambassador Mounir Akram, President of the United Nations Economic and Social Council ECOSOC, said that matching development cooperation with the United Nations sustainable development goals is a necessary and important step to achieve these goals, and Egypt is one of the first countries to implement this command.


 

Achim Steiner, Director of the United Nations Development Program, said that with only a decade left to 2030, countries are seeking to build better to achieve sustainable development goals, and the Arab Republic of Egypt is seeking, through the principles of economic diplomacy, to direct development financing towards implementing its priorities.

 

For her part, Minouche Shafik, Director of the London School of Economics, said that matching development financing projects with the UN Sustainable Development Goals enables us to demonstrate the efficiency and effectiveness of these financings in achieving development goals, by identifying gaps and working to strengthen them through future partnerships.

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