Egypt's Planning Minister Advocates for Global Development, Secures Major Investments at Seville Conference

July 5, 2025
Egypt's Planning Minister Advocates for Global Development, Secures Major Investments at Seville Conference
  • Egypt's Minister of Planning, Economic Development, and International Cooperation, Dr. Rania A. Al-Mashat, participated in the Fourth International Conference on Financing for Development (FfD4) held in Seville, Spain from late June to early July 2025.

  • Dr. Al-Mashat emphasized the importance of the FfD4 in fulfilling international commitments to the Sustainable Development Goals (SDGs), especially in light of global crises affecting developing nations.

  • Her discussions highlighted the significance of utilizing UNCTAD's tools to measure the effectiveness of development policies and improve trade and investment strategies.

  • During the conference, she engaged with UNCTAD Secretary-General Rebeca Grynspan and OPHI Director Professor Sabina Alkire to discuss enhancing cooperation in economic development and investment.

  • In a separate meeting with the President of the European Investment Bank (EIB), she discussed extensive support for development projects in Egypt, particularly focusing on the Nexus of Water, Food, and Energy (NWFE) Program.

  • Additionally, Al-Mashat's talks with the European Bank for Reconstruction and Development (EBRD) centered on enhancing investment in private sector projects and deepening their strategic partnership.

  • She also reviewed Egypt's strategic partnership with the EU, discussing a macroeconomic support mechanism and budget support totaling 4 billion euros, along with an investment guarantee mechanism valued at 1.8 billion euros.

  • Dr. Al-Mashat highlighted the Sevilla Platform of Action (SPA), aimed at aligning national strategies with financing frameworks to enhance development financing and climate action.

  • In her meetings, she addressed climate finance access for developing countries with UNFCCC Executive Secretary Simon Stiell, as well as preparations for COP30 in Brazil.

  • Al-Mashat also met with Morocco's Economy Minister to explore economic cooperation and investment opportunities between Egypt and Morocco.

  • The conference included discussions with various international representatives on enhancing development cooperation, technical support, and innovative financing mechanisms.

  • Dr. Al-Mashat noted Egypt's attractiveness for investments, as highlighted in the Global Investment Report, which reflects the impact of recent economic reforms.

Summary based on 2 sources


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