Thursday 05 March 2026 – 01:38 PM
Today, Thursday, March 5, 2026, Dr. Ahmed Rostom, Minister of Planning and Economic Development, received Dr. Mahmoud Mohieldin, the United Nations Special Envoy for Financing for Development, to discuss ways to enhance cooperation between the Egyptian government and United Nations institutions in the areas of financing sustainable development, and to expand the use of innovative financing tools to support the implementation of development projects, in line with the goals of Egypt’s Vision 2030.
Development projects in Egypt
During the meeting, Dr. Ahmed Rostom welcomed Dr. Mahmoud Mohieldin, praising the role he plays in advancing the development financing agenda at the international level, stressing the Egyptian state’s keenness to deepen its partnerships with international institutions to enhance the national economy’s ability to mobilize the necessary financing resources to support development plans, especially in light of the current economic and geopolitical challenges.
The minister pointed out that the Egyptian government is working to diversify development financing tools by expanding blended financing mechanisms and enhancing the role of the private sector in financing development projects, in addition to expanding green and climate financing tools, in a way that supports the shift towards a more sustainable economy and the ability to confront environmental and economic challenges.
Dr. Rustam also reviewed the new directions of the Ministry of Planning and Economic Development in preparing the state’s investment plan, which is based on maximizing the efficiency of allocating public resources and directing investments towards the most productive sectors capable of providing more job opportunities, in addition to enhancing the development balance between the governorates.
He explained that the Ministry is working to develop the methodology for preparing the plan to become more dependent on economic data and indicators, while expanding the scope of private sector participation in implementing development investments, in a way that supports public investment governance and raises the economic and social returns of projects.
For his part, Dr. Mahmoud Mohieldin praised the efforts made by Egypt to maintain economic stability and continue implementing its development projects despite global challenges, stressing the importance of expanding the use of innovative financing tools, especially blended financing and climate financing, in a way that contributes to bridging the development financing gap and enhancing the ability of developing countries to achieve sustainable development goals.
He also affirmed the commitment of the United Nations system to continue providing technical and technical support to the Egyptian government, in a way that enhances its ability to mobilize financial resources and develop innovative financing models for priority development projects.
