Al-Mashat held the meeting in Cairo with an AfDB delegation headed by Vice President for Energy, Climate and Green Growth Kevin Kariuki, according to a statement released by the ministry Tuesday.

The meeting touched on many common files, including Egypt’s preparations for COP27, the bank’s country strategy for Egypt, the ministry’s attempts to create an international framework for climate financing and means of harnessing cooperation between countries of the global south.

The two sides also discussed the economic impact of global challenges on African countries.

Discussing the development of innovative climate financing under the new country strategy 2022-2026, Al-Mashat pointed to the ministry’s efforts focusing on gender-responsive climate action, improved climate-smart agriculture practices and increased renewable energy generation capacity.

In this regard, Al-Mashat noted that Egypt is pushing cooperative and win-win international partnerships by emphasising technical support and the sharing of existing practices.

Moving into the post-Glasgow era, Al-Mashat said COP27 should focus on shifting commitments to action, as the success of the conference will depend on whether parties can reach a consensus on the most prominent issues and put forward several serious and effective initiatives that can be implemented.

Meanwhile, the AfDB vice president said, “Egypt has undertaken tremendous efforts to address climate change vulnerability and impacts on the key sectors (energy, transport, waste, water, industry and agriculture) and has invested significantly to put forward measures to enhance their resilience.”

The current portfolio of the Ministry of International Cooperation’s ongoing projects includes 85 projects worth $11.9 billion directly and indirectly contributing to achieving the UN’s sustainable development goal dealing with climate action.