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Rania Al-Mashat participates in IsDB meetings in Algeria

Businessmen Team news 21 May 2025 01:39 PM
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Rania Al-Mashat participates in IsDB meetings in Algeria

Dr. Rania Al-Mashat, Minister of Planning and Economic Development and International Cooperation, and Governor of Egypt at the Islamic Development Bank (IsDB), met with Dr. Abdullah Al Darderi, UN Assistant Secretary-General, Assistant Administrator, and Director of the Regional Bureau for Arab States at the United Nations Development Programme (UNDP). The meeting took place during her participation in the IsDB Group's 2025 Annual Meetings in Algeria, held under the theme "Diversifying Economies, Enriching Lives."

During the meeting, both parties reviewed the partnership framework between Egypt and UNDP, particularly regarding the implementation of the Strategic Framework for Cooperation for Sustainable Development 2023-2027. Dr. Al-Mashat highlighted the evolving and diversifying nature of their partnership, underscoring its positive impact on various development initiatives.

Discussions also covered preparations for the Fourth International Conference on Financing for Development in Spain this June. Both sides emphasized the conference's importance in reforming global finance and finding solutions to complex development challenges. Talks also included joint events, planned by the Ministry of Planning and Economic Development and International Cooperation with UNDP, during the conference to boost global efforts in climate finance and private sector engagement.

Dr. Al-Mashat commended UNDP's active role in launching the National Integrated Strategy for Development Financing last March. This crucial document details Egypt's approach to financing Sustainable Development Goals (SDGs) and proposes an integrated national framework to accelerate their achievement.

The Minister affirmed the Ministry is entering the strategy's implementation phase. She anticipates continued UNDP support in activating its action plan, especially with other development partners. The aim is to translate Egypt's Vision 2030 and SDGs into an integrated financing system linking planning and funding.

Dr. Al-Mashat expressed keenness to continue collaboration with UNDP on the Egypt Human Development Report for 2025. A foundational workshop on April 13, 2025, gathered academics, civil society, and national institutions. She stressed the importance of broad participation and multi-stakeholder engagement in shaping the report's vision and analytical direction.

The meeting also highlighted Egypt's progress in UNDP's 2025 Human Development Index report, noting improvements in healthcare services, years of education, and reduced gender disparity. The Minister explained that the Ministry of Planning and Economic Development and International Cooperation is focused on maximizing economic development efforts to close sectoral development gaps across various fields, especially in human and industrial development and other priority areas.

Dr. Al-Mashat presented the upcoming National Narrative for Economic Development. This initiative seeks to align Egypt's Vision 2030 with the government's program through clear targets, fostering economic development and resilience. It focuses on macroeconomic stability, development financing, industrial development, foreign direct investment, employment, and human capital investment.

Finally, Al-Mashat commended UNDP's support in preparing and publishing 27 local reports for localizing the SDGs. She also expressed satisfaction with the signing and implementation of a joint project for SDG localization, in cooperation with UNDP, the UN Resident Coordinator's Office, UN-Habitat, and UNICEF.