$30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors
The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across ...
Egypt gears up for issuing 2025 Human Development Report, reports on localizing SDGs
Egypt is gearing up for the 2025 Human Development Report, and debt swap initiatives, all of which reflect Egypt’s ability to continue progressing toward sustainable development.
Mashat expressed Egypt’s eagerness to collaborate with the United Nations Development Program (UNDP) on the forthcoming Human Development Report 2025.
She highlighted the Ministry’s efforts, in partnership with UNDP, to ensure that the new report provides comprehensive and in-depth analyses based on national challenges, helping to guide policies toward achieving sustainable and inclusive development.
The meeting also touched on cooperation on the Debt-for-Nature Swap initiative, the Debt Swap Agreement for the Conservation of the Red Sea, and ongoing collaboration on the upcoming 27th report on localizing the Sustainable Development Goals (SDGs).
These reports are seen as practical steps to enhance local roles in achieving the SDGs, as well as collaboration on developing investor maps for the SDGs, which aim to promote investments that have a positive impact in key investment areas in Egypt.
Mashat held a bilateral meeting with Achim Steiner, Administrator of the United Nations Development Program (UNDP), to discuss enhancing cooperation during her visit to Tokyo, Japan, to participate in the celebrations marking 70 years of Egypt-Japan development cooperation.
During the meeting, Mashat emphasized the deep-rooted relationship between Egypt and the UNDP, noting the progress of cooperation over decades across multiple sectors and activities aimed at achieving sustainable development and enhancing economic and social reforms.
She highlighted the Egyptian government’s commitment to supporting and strengthening its partnership with the program in areas such as entrepreneurship and private sector empowerment.
Mashat also indicated that the cooperation between the Egyptian government and UNDP has become more integrated and coordinated, built on the foundation of the country program documents, the latest of which is the new Country Program Document (CPD) for Egypt for the period 2023-2027. This program focuses on the strategic priorities established under the United Nations Sustainable Development Cooperation Framework (UNSDCF), including human capital, sustainable growth, good governance, climate action, and women’s empowerment across various sectors.
Regarding the cooperation portfolio between Egypt and UNDP, Mashat noted that the program currently encompasses about 45 active projects in various fields in Egypt.
She pointed out that UNDP is one of Egypt’s key partners in advancing sustainable development.
Mashat mentioned some of the flagship projects being implemented in Egypt, including the development of small and micro enterprises, promoting digital transformation and innovation through the support of the Applied Innovation Centre, and enhancing climate change adaptation in Upper and Lower Egypt.
Mashat also highlighted projects under the Ministry of Planning, Economic Development, and International Cooperation within the UNDP portfolio, such as the Egyptian Network for Integrated Development (ENID) project, funded by the BHF Foundation and the Spanish Agency for International Cooperation, which aims to enhance crisis resilience in rural areas of Egypt, as well as several other collaborative projects with the program.
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