Al-Mashat participates in the Arab Regional Forum for Climate Action Financing Initiatives in Beirut


Dr. Rania Al-Mashat, Minister of International Cooperation, is participating in the activities of the Arab Regional Forum on Climate Initiatives for Financing Climate Action and the Sustainable Development Goals, in the Lebanese capital, Beirut, which is one of five regional forums organized by the Economic and Social Commission for Western Asia (ESCWA), in cooperation with the Egyptian Presidency of the Conference of the Parties XXVII with the UN High-Level Climate Change Leaders and the five UN Regional Committees, in the context of preparations for COP27 in Sharm El-Sheikh.

The Minister of International Cooperation is scheduled to participate in a high-level discussion session on mobilizing climate finance, as well as a bilateral meeting with officials of the Institute of International Finance.

The forum brings together a number of actors from the public and private sectors in the Arab countries to discuss ways to accelerate the pace of financing climate action.

The Arab Regional Forum addresses the needs of Arab countries for financing climate action in order to ensure water, energy and food security under changing climatic conditions. During which member states showcase bankable projects that will accelerate climate action, as well as innovative forms of financing and regional initiatives that can open opportunities for private sector investment, blended finance and bilateral support.

The Forum facilitates interaction with a wide range of partners and stakeholders to accelerate the mobilization of public and private investments and provide opportunities for blended financing of concrete projects and initiatives.

In addition to identifying aspects of cooperation and opportunities in the field of financing climate action to accelerate access to clean energy and energy efficiency technologies and ways to ensure water and food security, which are major catalysts for achieving sustainable development goals and objectives of mitigating and adapting to climate change in the Arab region.

As well as linking institutional investors, private financiers and development partners with governments and facilitating dialogue on participation in providing investment opportunities that support priority actions in the region.

It is worth noting that the Ministry of International Cooperation, in cooperation with the Ministries of Foreign Affairs, Finance and Environment, and the United Nations Economic Commission for Africa, organized the Egypt-ICF2022 Forum, in its second edition, and the meeting of African Ministers of Economy, Finance and Environment, under the auspices and presence of President Abdel Fattah El-Sisi. , where it witnessed a high-level international and regional presence from United Nations organizations, heads of international financial institutions, and the private sector. With the participation of more than 23 African governments, about 20 discussion sessions, workshops and round tables were held on unifying messages and visions, to mobilize the efforts of the international community to support the climate agenda in the continent of Africa, and to prepare for the “Finance Day”.

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