{"id":325268,"date":"2022-04-24T19:29:29","date_gmt":"2022-04-24T19:29:29","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325268"},"modified":"2022-04-24T19:29:29","modified_gmt":"2022-04-24T19:29:29","slug":"egypt-eib-discuss-cooperation-within-framework-of-cop-27","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/04\/24\/egypt-eib-discuss-cooperation-within-framework-of-cop-27\/","title":{"rendered":"Egypt, EIB discuss cooperation within framework of COP 27"},"content":{"rendered":"

European Investment Bank (EIBt) met to discuss bilateral cooperation and ongoing projects \u00a0 within the framework of Egypt\u2019s presidency of the UN Conference of Parties on Climate Change (COP 27), which will be held in Sharm El-Sheikh this November,<\/span><\/p>\n

Minister of International Cooperation Rania Al-Mashat met with Werner Hoyer \u2014 President of the European Investment Bank (EIB) \u2014 in the presence of Markus Berndent \u2014 Managing Director of EIB Global and Head of Operations \u2014 on Sunday.
\n<\/span><\/p>\n

The meeting came on the side-lines of the World Bank Group\u2019s 2022 annual spring meetings, which are being held in Washington.<\/span><\/p>\n

The meeting discussed proposals made by the EIB to cooperate with the Egyptian government within the framework of Egypt\u2019s presidency of the UN Conference of Parties on Climate Change (COP 27), which will be held in Sharm El-Sheikh this November, noting the importance of relations with international financial institutions to advance efforts to implement climate pledges and provide innovative financing to enhance the role of the private sector in sustainable development.<\/span><\/p>\n

Al-Mashat also referred to the ambitious projects implemented in Egypt in partnership with the EIB, which could represent a constructive model for application in Africa through the South-South Cooperation Mechanism.<\/span><\/p>\n

She pointed out that the EIB launched a climate finance map last year for the period from 2021 to 2025, through which it seeks to increase its funding for climate action, support for the green transition, and reducing harmful emissions in the EU and the countries it cooperates with.<\/span><\/p>\n

Furthermore, the minister stressed the cooperation between the government and the EIB in various fields of development, and future opportunities for cooperation, including the production of clean energy and green hydrogen.<\/span><\/p>\n

She said that the ongoing development cooperation portfolio between Egypt and the EIB amounted to about \u20ac3.5bn by the end of 2021, and that the bank has financed several development projects in the fields of transportation, water and sanitation, energy, environment, small and medium enterprises, and civil aviation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

European Investment Bank (EIBt) met to discuss bilateral cooperation and ongoing projects \u00a0 within the framework of Egypt\u2019s presidency of the UN Conference of Parties on Climate Change (COP 27), which will be held in Sharm El-Sheikh this November.<\/p>\n","protected":false},"author":4,"featured_media":320311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24,33],"tags":[335],"class_list":["post-325268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-partners","category-main","tag-european-investment-bank-eib"],"yoast_head":"\nEgypt, EIB discuss cooperation within framework of COP 27 - egy-africa<\/title>\n<meta name=\"description\" content=\"European Investment Bank (EIBt) met to discuss bilateral cooperation and ongoing projects within the framework of Egypt\u2019s presidency of the UN Conference of Parties on Climate Change (COP 27), which will be held in Sharm El-Sheikh this November.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/04\/24\/egypt-eib-discuss-cooperation-within-framework-of-cop-27\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt, EIB discuss cooperation within framework of COP 27 - egy-africa\" \/>\n<meta property=\"og:description\" content=\"European Investment Bank (EIBt) met to discuss bilateral cooperation and ongoing projects within the framework of Egypt\u2019s presidency of the UN Conference of Parties on Climate Change (COP 27), which will be held in Sharm El-Sheikh this November.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/04\/24\/egypt-eib-discuss-cooperation-within-framework-of-cop-27\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-24T19:29:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/EIB.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/04\/24\/egypt-eib-discuss-cooperation-within-framework-of-cop-27\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/04\/24\/egypt-eib-discuss-cooperation-within-framework-of-cop-27\/\",\"name\":\"Egypt, EIB discuss cooperation within framework of COP 27 - 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