Prime Minister Mostafa Madbouly says he greatly appreciates NEPAD’s support for Egypt’s presidency of this African program meant to achieve economic development.
Short for the New Partnership for Africa’s Development, NEPAD under the presidency of Egypt will see an increase in financing resources needed to implement important infrastructure projects in the continent, Madbouly said during a meeting with NEPAD’s CEO Nardos Bekele-Thomas Wednesday on the fringe of the COP29 in Baku, Azerbaijan.
He talked about action to support NEPAD’s 10-year plan in the coming stage through financial support from donor countries.
Egypt also backs efforts to establish NEPAD regional offices and a Cairo-based African Center of Excellence for Resilience and Adaptation to the Impacts of Climate Change (ACECCRA), the premier said.
Bekele-Thomas, for her part, said she is thankful for Egypt’s continued support for NEPAD. She stressed the importance of action to implement NEPAD programs through communication with African countries concerned, noting that she is looking forward to cooperating with Egypt in this regard.
Bekele-Thomas talked about efforts to establish a new development fund to help NEPAD implement its projects – something Madbouli believes should not add new financial burdens on African countries.
She also stressed the importance of coordinating African efforts to maximize benefit from the different initiatives.
