The Ministry of International Cooperation (MoIC) entered into a strategic partnership with the World Bank to encourage sustainable agricultural practices and promote innovation in climate-smart agriculture (CSA), revealed a statement by the ministry on Sunday.

The initiative aims to leverage the success and expertise gained from a project funded by the Korea Green Growth Trust Fund (KGGTF).

The KGGTF-backed project focuses on localizing technologies and adopting best practices essential for enhancing CSA in Egypt.

As part of its objectives, it looks to introduce innovative digital applications tailored to serve Egypt's agricultural sector and extend its impact to regional activities, particularly in Africa.

Building upon this foundation, the new partnership aligns with the Climate Resilient Agri-Food Transformation (CRAFT) project, a key component of Egypt’s Nexus of Water, Food, and Energy (NWFE) program.

MoIC Minister Rania Al-Mashat emphasized the integral role of sustainable infrastructure and efficient resource utilization in fostering green growth, stating that “a key part of sustainable economic development and green growth is closely related to building sustainable infrastructure and efficient use of resources,” highlighting the alignment of these principles with the joint efforts of the World Bank and the KGGTF.

Martien van Nieuwkoop, Global Director for the Agriculture and Food Global Practice in the World Bank’s Sustainable Development Practice Group, underlined the partnership's commitment to supporting Egypt's green growth path through locally tailored solutions incorporating climate-smart technology.

The collaboration falls under the World Bank's new Country Partnership Framework (CPF) for Egypt, including a financial commitment of $7 billion dedicated to supporting the bank’s strategy in the country for FY2023 to 2027.

Throughout the year 2022, Egypt has actively engaged with various international entities, signing multiple memorandums of understanding (MoUs). These agreements aim to attract foreign investment in green hydrogen, positioning Egypt as a global hub for hydrogen production.