Thursday 03 Apr

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Egypt launches Integrated National Financing Strategy


Egypt launches Integrated National Financing Strategy

The Ministry of Planning and Economic Development and International Cooperation launches, Tuesday, the Integrated National Financing Strategy in Egypt (E-INFS), in partnership with the United Nations and the United Nations Development Programme. This initiative aims to enhance financing sustainability for the implementation of Egypt's Vision 2030 and the Sustainable Development Goals.

Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, announced the Integrated National Financing Strategy in Egypt during the high-level week meetings of the United Nations General Assembly and the Summit of the Future in New York last September.

The Integrated National Financing Strategy strengthens partnership with the UN and relevant bodies, to bridge the financing gap for the Sustainable Development Goals, and to create an integrated national framework that includes various sources of development financing, by integrating global best practices with local solutions.

The event will feature panel discussions, including a session entitled "The Integrated National Financing Strategy in Egypt: A Roadmap for Sustainable Financing in Egypt," and another entitled "Next Steps: Implementation and Governance of the Integrated National Financing Framework," followed by comments from a number of ministers and officials concerned with the financing file in Egypt.

It is worth noting that the government, represented by the Ministry of Planning, Economic Development and International Cooperation, in partnership with the office of the UN Resident Coordinator in Cairo, signed the "Sustainable Development Goals Financing Strategy in Egypt" project in March 2021 with the support of the UN Joint Fund for Sustainable Development Goals. This project aims to produce the first "Integrated National Financing Strategy in Egypt," create momentum and dialogue on development financing issues within the Egyptian government and society, build national capacities on how to analyze financial flows, determine costs, and then the financing gap in specific sectors, and provide a practical model for how to prepare an integrated national financing strategy that enables the state to update and expand its scope to include all sectors.