In a transfer in the direction of sustainable growth, Egypt and the European Union (EU) have signed a EUR 7 million (EGP 368.6 million) settlement beneath the European Inexperienced Facility initiative throughout the seventh annual Cairo Water Week occasion, held from 13 to 17 October beneath the patronage of President Abdel Fattah Al-Sisi and in partnership with the EU.
The settlement was inked by Egypt’s Minister of Planning, Financial Growth, and Worldwide Cooperation, Rania Al-Mashat, and the Head of the EU Delegation in Egypt, Christian Berger, with the Minister of Water Assets and Irrigation, Hani Sewilam, and the European Fee’s Director of the Atmosphere Division, Florika Fink-Hooijer attending.
The European Inexperienced Facility initiative goals to strengthen the shut partnership between Egypt and the EU, in accordance to Al-Mashat, additional reaffirming their joint dedication to advancing local weather motion and financial growth.
Moreover, it goals to advance Egypt’s inexperienced transition and assist coverage dialogue between Egypt and the EU on water actions. To assist water sustainability, the agreed funds may also be allotted to the ministries of irrigation, agriculture, and housing.
The initiative additionally affords a technical help bundle to assist Egypt develop sector methods, enhance governance within the water sector, and strengthen public-private partnerships.
The European Inexperienced Facility is aligned with the nation’s priorities to implement the Nationwide Local weather Change Technique 2050 and operates inside the broader Workforce Europe framework.
It additionally aligns intently with Egypt’s growth agenda and the targets of the Nexus of Water, Meals, and Vitality (NWFE) nationwide platform, which integrates tasks throughout the water, meals, and vitality sectors to reinforce efforts in local weather change mitigation and adaptation.
Notably, throughout the President of the EU’s go to to Egypt in March, Egypt and the EU introduced an improve of their relationship to a strategic partnership. President Abdel Fattah Al-Sisi signed a political declaration that included a funding bundle of EUR 7.4 billion (EPG 389.6 billion) to assist growth efforts and joint investments, notably in inexperienced initiatives.
