Minister of International Cooperation Rania al-Mashat said Egypt is looking forward to finalize agreements on funds allocated for “NWFE” Program for linking water, food and energy sectors that are worth of dlrs 14.7 bn before the 28th session of the Conference of the Parties (COP28) to the UNFCCC that will convene in Dubai from Nov. 30 to Dec. 12. According to Mashat, financing sources would include the State General Budget and the private sector, in addition to easy financing through development companies. The minister noted that “NWFE” Program funds increased during the COP27, that was held in the Red Sea resort city of Sharm el-Sheikh in Nov. 2022 to reach dlrs 10.3 bn. Egypt launched the “NWFE ” Program to attract funds and investments for a list of green projects in the water, food and energy sectors. “NWFE ” Program total investments include dlrs 10 bn for the energy sector, drls 1.35 bn for the water sector and dlrs 3.35 dlrs for the agriculture and food security sectors, Mashat said.

Source: Egypt Independent January 15, 2023 16:18 UTC