The strategy launched by the Ministry of Planning, Economic Development and International Cooperation aims to transform how Egypt mobilizes and allocates financial resources across key sectors.
Earlier in December, Prime Minister Mostafa Madbouly stated that Egypt’s current financing needs range between $20 billion and $22 billion.
In this explainer, Ahram Online provides a sum of its key objectives and areas of focus.
Key objectives
Mobilization of resources: the E-INFS seeks to enhance local and international funding to support Egypt's sustainable development. It emphasizes a shift from traditional financing methods to more integrated and innovative financial strategies.
Focus on priority sectors
The strategy identifies seven key sectors to accelerate the achievement of the SDGs, namely, climate change, social protection, education, health, women’s empowerment, sanitation, and transportation.
Roadmap to Egypt’s sustainable financing
A comprehensive roadmap has been established to foster sustainable and innovative financing mechanisms. This includes enhancing public and private resource flows, improving revenue collection, and increasing budget transparency.
Strategy framework
- Identifying financing gaps: the strategy analyzes financing needs thoroughly in priority sectors, assessing gaps in funding relative to Egypt's GDP until 2030.
- Enhancing investment environment: it aims to simplify regulations, improve governance, and promote public-private partnerships to attract more investments.
- Innovative financing mechanisms: it encourages the development of new financial instruments, such as sustainable development bonds and Islamic finance sukuk, to diversify funding sources.
Institutional integration
The merging of the Ministry of Planning and the Ministry of Economic Development and International Cooperation has enabled a more coordinated approach to financing for development.
This integration enhances collaboration across various sectors and ensures investments’ alignment with national priorities.
Global context
The E-INFS aligns with the Addis Ababa Action Agenda (2015), which laid the groundwork for national integrated financing frameworks.
This global framework stresses the importance of aligning national development strategies with the SDGs, particularly given developing countries' rising debt challenges.
Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat emphasized the E-INFS's importance as a strategic tool for Egypt to enhance fiscal resilience, manage financing sources effectively, and support sustainable development.
Egypt aims to reduce reliance on external funding and create a more sustainable financial future by focusing on integrated national financing frameworks.
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