A five-day fact-finding and advisory services mission to Egypt by the United Nations Economic Commission for Africa (ECA) Office for North Africa concluded on August 15, 2024. The mission aimed to support Egypt’s efforts to enhance fiscal resilience and sustainable finance.
Led by ECA Director for North Africa Adam B. Elhiraika, the delegation met with top Egyptian officials, including Deputy Minister Ghadeer Hegazi, Deputy Governor Magda Ghoneim, Commissioner Rasha Abdelal, and Advisor Mae Adel. Discussions focused on ECA’s support for Egypt’s comprehensive debt database, sustainable finance products, and national debt management unit efficiency.
This mission is part of ECA’s broader initiative to promote comprehensive public debt management in African countries, enabling them to control national debt, reduce burdens, and improve debt-carrying capacity. ECA’s intervention includes diagnostic assessments, technical assistance, and embedded advisory services.
By supporting Egypt’s sustainable finance and debt management, ECA aims to facilitate access to long-term, low-cost financing for low-carbon, resilient development. This mission marks a significant step in ECA’s efforts to promote economic stability and growth in North Africa.
Ruth Abla ADJORLOLO
