The COVID-19 pandemic is a wake-up call for multilateral cooperation, as it calls for a co-operative, transparent, evidence-based and coordinated global response, writes a statement by the Ministry of International Cooperation (MoIC) as it unveiled its  2021 annual report titled, “Engaging for Impact Towards Our Common Future: International Partnerships for Sustainable Development.”

The MoIC secured $10.27 billion in development financing in 2021, including over $8.75 billion in financing for sovereign projects and $1.57 billion in support of the private sector, explained the report.

Highlighting the Ministry’s country-led multi-stakeholder engagement framework, the report sheds a light on the human-centric impact of development financing that addresses development challenges by strengthening coordinated actions across the inclusive-green-digital nexus.

In line with Egypt's Vision 2030, in 2021, $2.37 billion was dedicated towards social sustainability through several projects in multiple sectors including health, education, and agriculture.

The MoIC’s current portfolio in regards to Egypt’s sustainable development goals’ strategy (ODA-SDG) includes 372 projects in various sectors with a total value of $26.5 billion.

These are mostly being directed to achieve Goal 9 — Industry, innovation, and infrastructure — with a budget of $5.9 billion in development financing, constituting 22.3 percent of the total current portfolio.

Within the report, ODA-SDG mapping is visualized in multiple graphs, allowing users to easier track the progress of projects being implemented for each of the SDGs.

Interested in learning more of Egypt’s multilateral relationships? Catch all Ministry of International Cooperation related news Here

The report also addressed development finances secured in 2021 for executing social sustainability projects in Egypt, which amounted to $2.369 billion directed to health, education, agriculture, gender equality, empowerment for rural youths, as well as small- and medium-sized enterprises (SMEs).