Opening Speech and Launch of Green Climate Fund Climate Investment Plan by the Prime Minister

Setting the scene for the Finance Day, Prime Minister Mostafa Madbouly kickstarted the Finance Day, organized by the Egyptian Ministry of Finance in the COP27 Blue Zone by highlighting that cooperation between governments, civil society, the UN, and international organizations is the shortest way to ensuring success in combating climate change.

Later on, Prime Minister Mostafa Madbouly and the Green Climate Fund (GCF) launched Egypt’s Climate Investment Plan to accelerate the country’s climate action through investment planning. The strategy is a twin scheme meant to support a stronger and greener economy with an eye on renewable energy, transportation, agriculture, and water resources.

President of the World Bank David Malpass, IMF Managing Director Kristalina Georgieva, President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, Executive Director of the GCF Yannick Glemarec and other high-level officials attended the side event.