Under the Theme; "Two Years of Implementation" – Ministry of Planning, Economic Development, and International Cooperation is to Launch the Second Progress Report on the Country Platform for the "NWFE" Program Tomorrow

Under the Patronage of H.E. Dr. Mostafa Madbouly, Prime Minister
 
Under the Theme; "Two Years of Implementation" – Ministry of Planning, Economic Development, and International Cooperation is to Launch the Second Progress Report on the Country Platform for the "NWFE" Program Tomorrow

 

Under the patronage of H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, and with the theme "Two Years of Implementation," the Ministry of Planning, Economic Development, and International Cooperation will launch tomorrow, Thursday, the second progress report on the Country Platform for the "NWFE" Program. This platform focuses on the nexus of water, food, and energy projects, as well as sustainable transport under the "NWFE+" initiative.

 

H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, launched the "NWFE" program in mid-2022 as part of Egypt’s national efforts to implement the National Climate Change Strategy 2050 and its Nationally Determined Contributions (NDCs). During the COP27 Climate Summit, a high-level event was held with various development partners and national stakeholders, where letters of intent and memoranda of understanding related to the program's project implementation were signed.

 

Over the past two years, the Ministry has successfully mobilized international support from various climate action coalitions, multilateral and bilateral development partners, and multilateral development banks, to provide innovative financing tools and private investments for the program's implementation. This has helped promote the platform, transforming it from a national initiative into an globally replicable model for developing countries and emerging economies aiming to mobilize climate investments and achieve their climate ambitions.

 

The Country Platform for the "NWFE" Program includes nine projects in water, food, and energy sectors, as part of the National Climate Change Strategy, with an estimated investment of approximately $14.7 billion. It also encompasses projects in the sustainable transport sector. Through partnerships with the European Bank for Reconstruction and Development (EBRD), the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), the European Investment Bank (EIB), and other partners, the Ministry is working on mobilizing innovative financing mechanisms, including debt swaps, grants, concessional financing, and private sector investment facilitation, to implement these projects.