Egypt and Japan’s development cooperation portfolio amounts to $2.8 billion (Al-Mashat)

Rania Al-Mashat, Minister of International Cooperation revealed that cooperation projects between Egypt and Japan have reached 2.8 billion dollars.

Al-Mashat and Hiroshi Oka, Ambassador of Japan in Cairo, launched the Japan-Egypt high-level political dialogue on development cooperation in light of monitoring the development of joint relations and discussing future cooperation opportunities.

The dialogue brought together representatives from the Japanese Embassy in Cairo, the Japan International Cooperation Agency (JICA), the Japan Bank for International Cooperation (JBIC) and the Japan External Trade Organization (JETRO) .

The minister underlined the importance of holding a high-level political dialogue between the Egyptian and Japanese parties, which has become a major approach within the Ministry of International Cooperation which is followed with all multilateral and bilateral development partners in the presence. representatives from all ministries. and national authorities to formulate development cooperation strategies, so as to enhance joint development efforts within the framework of state development priorities.

Al-Mashat stressed the importance of holding political dialogue at a high level of representation with the aim of strengthening strategic relations between the two countries, improving the development cooperation portfolio, which currently represents 2.8 billion dollars, and to exchange visions and views on future cooperation. in accordance with development priorities, as well as to discuss ongoing projects and overcome challenges, obstacles that prevent their implementation, which will reflect the efforts of the two countries to achieve the Sustainable Development Goals.

She said that, without a doubt, multilateral cooperation and joint action have become more important than ever in light of the sudden shocks and global crises represented by the repercussions of the Corona pandemic, climate change and war. Russian-Ukrainian Government, emphasizing that the Egyptian government is working to strengthen joint relations with all Partners in order to advance its development priorities, implement the Sustainable Development Goals, attract investment in new and renewable energy and hydrogen green, and promote the transition to a green economy.

The minister referred to Egypt’s preparations to host and chair the COP27 climate summit, stressing that Egypt does not see climate action as a separate factor from development efforts, but that they are fully interconnected, because development cannot be achieved without climate action.

This is why the Ministry of International Cooperation has launched the “NWFE” program to finance the list of green government projects in the fields of energy, food and water, under the aegis of the Strategy on climate change and in the implementation of the Prime Minister’s missions to draw up a list of green development projects and promote them to development partners.

In a related context, Al-Mashat referred to the launch of the Egyptian Forum for International Cooperation and Development Finance in its second edition next September, which will see the meeting of African ministers of environment and finance to discuss and discuss common visions ahead of the climate summit.

For his part, Oka said Japan will continue to support sustainable development in Egypt in accordance with its development needs – including the NWFE program – focusing on three priority areas.

Specifically, Japan’s cooperation includes the development of high-quality infrastructure – such as Cairo Metro’s fourth line, Borg Al-Arab International Airport – and public-private collaboration to provide clean energy before the 27th United Nations Conference of the Parties on Climate Change (COP27) to be held in Sharm el-Sheikh in November.

It also encompasses cooperation in the health sector in the fight against the coronavirus and the establishment of the universal health insurance system (UHIS); the food and agricultural sectors to ensure food security in the face of the Russian-Ukrainian war; education and human resource development sectors through the Egyptian-Japanese University of Science and Technology (E-JUST), Egyptian-Japanese Schools (EJS) and the Egyptian-Japanese Partnership for Education Education (EJEP).

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