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EU-Egypt relations: Investing in socio-economic development and inclusive growth

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The EU and Egypt undertook closer cooperation in many areas, notably on socio-economic development, scientific research, energy, migration, countering terrorism and regional issues.

The report on the partnership between the EU and Egypt for the period from June 2017 to May 2018 was issued today and highlights key developments in EU-Egypt cooperation with a particular focus on achieving the objectives set under the Partnership Priorities 2017-2020, adopted during the EU-Egypt Association Council in July 2017.

High Representative/Vice-President Federica Mogherini said: “Egypt, its stability and development are key to the European Union, its Member States and the entire region. That is why we signed our partnership priorities last year and reinforced our already strong engagement with and for the Egyptian people. We are determined to continue our work, together, to address all the challenges we have to face, for the sake of our citizens.”

Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn added: “In the last year we stepped up our action to support Egypt reforming its economy, working for a sustainable and inclusive growth. For the EU it is imperative that the young generation, women and the most vulnerable members of the society are included in this process. The EU will continue to support Egypt tackling socio-economic challenges and will keep working together for the stability and prosperity of the region.”

During the reporting period, the EU’s commitment vis-à-vis Egypt was reaffirmed through regular political dialogues, bilateral visits by the EU and Egyptian sides and continued implementation of the EU’s financial assistance.

Egypt also continued to engage as regional player on key regional and international issues, notably in the perspective of its African Union presidency next year, such as the Middle East Peace Process, Syria, Libya, Africa, the situation in Gulf and the Euro-Mediterranean cooperation.

Overall, the conclusions of the report show that the implementation of priority areas is well on track, with notable challenges remaining in particular in the field of the rule of law, human rights, fundamental freedoms and space for civil society. The next EU-Egypt Association Council that will be held in Brussels on 20 December will be the occasion to further discuss the EU-Egypt partnership for the months ahead.

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The overall EU financial assistance commitments to Egypt amount to over €1,3 billion in grants. This amount mainly targets social development and jobs creation, infrastructure, renewable energy, water and sanitation/waste management, environment, but it also supports the improvement of governance, human rights, justice and public administration reform in Egypt.

Through the multiannual programme Facility for Inclusive Growth and Job Creation the EU supports the business enabling environment and promote economic reforms in favour of enterprises, including easier access to finance for small and medium-sized enterprises. The EU is also promoting labour- intensive community services and public works as an effective and well-targeted social safety net. Via the EU programme Emergency Employment Investment Project (EEIP) completed in January 2018, more than 50,000 young people, many of them women, have acquired new skills and been given access to jobs. Nearly 10,000 of them have received specific support to get permanent jobs or start their own business.

A number of high-level visits and meetings contributed to enhance the partnership between the EU and Egypt in 2017-2018 and to discuss regional and international issues of concern. Those include meetings between Egyptian President Abdelfattah Al-Sisi and the President of the European Council Donald Tusk in September 2017; High Representative/Vice-President Federica Mogherini’s meetings with the Egyptian Foreign Minister Shoukry in the margins of various international forums; the visit of Commissioner for the European Neighbourhood Policy and Enlargement Negotiations, Johannes Hahn, in October 2017, to reaffirm EU’s support to Egypt’s migration management inside and outside its borders with the signature of a €60 million programme under the EU Emergency Trust Fund for Africa; the visit of Commissioner for Climate Action and Energy, Miguel Arias Cañete, in April 2018 during which he signed a new Memorandum of Understanding on energy cooperation; and the launch by Commissioner for Migration, Home Affairs and Citizenship, Dimitris Avramopoulos, in December 2017 of the EU-Egypt Migration Dialogue, aimed at improving bilateral cooperation and discussions on the overall topic of migration.

A further step in EU-Egypt cooperation includes the signing of an agreement on scientific and technological cooperation for Egypt’s participation in the Partnership for Research and Innovation in the Mediterranean Area (PRIMA) in October 2017.

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Africa Industrialization Day 2018 celebrated in Côte d’Ivoiren

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On the occasion of Africa Industrialization Day’s (AID) worldwide celebrations, the United Nations Industrial Development Organization (UNIDO) and Côte d’Ivoire’s Ministry of Trade, Industry and SME Promotion organized an event to discuss the importance of industrialization for the development of Africa with a particular focus on Côte d’Ivoire.

“Industrialization represents the best means to create more employment and to improve the living conditions of the population,” said Souleymane Diarrassouba, Côte d’Ivoire’s Minister of Trade, Industry and SME Promotion, during his welcome speech. “The government of Côte d’Ivoire, in collaboration with the financial and technical partners, is engaged in promoting the industrialization of the country.”

After reading a Joint Statement of the African Union Commission, the United Nation Economic Commission for Africa and UNIDO on the occasion of the AID event held in Vienna, Tidiane Boye, UNIDO’s Representative in Côte d’Ivoire, quoted UNIDO’s Director General, LI Yong: “AID 2018 represents an important occasion to raise awareness of the importance of a concerted programmatic approach to the promotion of rapid and inclusive industrialization in Africa.” Boye also paid tribute to H.E. Alassane Ouattara, President of the Republic of Côte d’Ivoire, for his engagement as Champion of the Third Industrial Development Decade for Africa.

The event was an opportunity to present the main findings of UNIDO’s Industrial Development Report 2018 – which focuses on the importance of demand as a driver of industrial development – and perspectives on the development of the pharmaceutical global value chain in Africa.

Nicola Cantore, UNIDO Research and Industrial Policy Officer, pointed out that under the right set of conditions, the consumption of manufactures can set in motion a virtuous circle of industrial development – comprising income creation, demand diversification and massification of consumption – but that this virtuous circle often requires specific policy measures to attain socially inclusive or environmentally sustainable industrialization.

”For Côte d’Ivoire, a gap still needs to be filled in terms of increasing the share of manufacturing exports in total exports and the technological contents of exports, which are still too dependent on primary goods,” Cantore said.

The social dimension of industrialization was well-captured by the presentation of Assane Coulibaly, UNIDO’s Lead ECOWAS Coordinator for Pharmaceuticals GMP Roadmap Initiative, who explained how the development of local capabilities in the pharmaceutical industry is a key step to ensure affordability and availability of medicines essential to the development of an effective health system.

The event was attended by representatives of the government and the private sector.

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World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience

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The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18. The World Bank Group will also pilot new approaches to increasing private finance for adaptation and resilience.

“Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because, simply put, the climate is changing so we must mitigate and adapt at the same time,” said World Bank Chief Executive Officer Kristalina Georgieva.We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affected.”

The increase in adaptation financing will support activities that include:

  • Delivering higher quality forecasts, early warning systems and climate information services to better prepare 250 million people in at least 30 countries for climate risks;
  • Supporting 100 river basins with climate-informed management plans and/or improved river basin management governance;
  • Building more climate-responsive social protection systems; and
  • Supporting efforts in at least 20 countries to respond early to, and recover faster from, climate and disaster shocks through additional financial protection instruments.

In addition to boosting finance, the Plan will also support countries to mainstream approaches to systematically manage climate risks at every phase of policy planning, investment design, and implementation.

“This Action Plan is a welcome step from the World Bank,” said Ban Ki-moon, former Secretary-General of the United Nations and co-chair of the Global Commission on Adaptation. “The world’s poorest and most climate vulnerable countries stand to benefit from its increased finance and support for longer term policy change.”

The Action Plan builds on the link between adaptation and development by promoting effective and early actions that also provide positive development outcomes. For example, investing in mangrove replanting may protect a local community against sea level rise and storm surges, while also creating new opportunities for eco-tourism and fisheries. Early and proactive adaptation and resilience-building actions are more cost-effective than addressing impacts after they occur.

The Action Plan also includes the development of a new rating system to create incentives for, and improve the tracking of, global progress on adaptation and resilience. The new system will be piloted by the World Bank in FY19-20 and rolled out to projects in relevant sectors by FY21.

The Action Plan on Climate Change Adaptation and Resilience forms part of the World Bank Group’s 2025 Targets to Step Up Climate Action which were launched in December 2018, during the UN’s COP24 in Poland.

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Making Globalization Work: Climate, Inclusiveness and International Governance Top Agenda of the WEF 2019

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The World Economic Forum Annual Meeting 2019 will take place on 22-25 January in Davos-Klosters, Switzerland. The meeting brings together more than 3,000 leaders from business, government, civil society, academia, arts and culture, and media, as well as the foremost experts and young leaders from all over the world.

Convening under the theme, Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution, the purpose of the meeting is to identify new models for peace, inclusiveness and sustainability to suit a world where further global integration is inevitable and where existing models of global governance struggle to foster concerted action among the world’s powers.

“This fourth wave of globalization needs to be human-centred, inclusive and sustainable. We are entering a period of profound global instability brought on by the technological disruption of the Fourth Industrial Revolution and the realignment of geo-economics and geopolitical forces. We need principals from all stakeholder groups in Davos to summon the imagination and commitment necessary to tackle it,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

The programme of this year’s Annual Meeting expands on the theme in depth and breadth across more than 350 sessions, nearly half of them webcast. Sessions are organized in a series of global dialogues:

A global dialogue on geopolitics in a multiconceptual world to enable candid and constructive discussion on how to drive future cooperation along with a global dialogue on peace and

A global dialogue on the future of the economy to better reflect the structural changes inherent in the Fourth Industrial Revolution, and achieve sustainable growth and long-term societal well-being

A global dialogue on industry systems and technology policy to define the principles for new and emerging technologies to ensure that they are underpinned by a values-based framework

A global dialogue on risk resilience to promote systems thinking to radically improve our collective management of the key environmental systems and to ensure adequate digital cybersecurity

A global dialogue on human capital and society to revisit the notion of work and well-being and to move away from consumption and materialism to a more humanistic focus.

A global dialogue on institutional reform to rethink the global institutional frameworks that emerged in the 20th century and adapt them to ensure relevancy for the new political, economic and social context

Top political leaders taking part are: Ueli Maurer, President of the Swiss Confederation 2019 and Federal Councillor of Finance of Switzerland; Shinzo Abe, Prime Minister of Japan; Jair Bolsonaro, President of Brazil; Angela Merkel, Federal Chancellor of Germany; Wang Qishan, Vice-President of the People’s Republic of China; Giuseppe Conte, Prime Minister of Italy; Pedro Sanchez, Prime Minister of Spain; Barham Salih, President of Iraq; Mohammad Ashraf Ghani, President of the Islamic Republic of Afghanistan; Sebastian Kurz, Federal Chancellor of Austria; Ivan Duque, President of Colombia; Abiy Ahmed, Prime Minster of Ethiopia; Leo Varadkar, Taoiseach of the Republic of Ireland; Benjamin Netanyahu, Prime Minister of Israel; Faiez Al Serrag, Prime Minister of Libya; Mark Rutte, Prime Minister of the Netherlands; Jacinda Ardem, Prime Minister of New Zealand; Erna Solberg, Prime Minister of Norway; Rami Hamdallah, Prime Minister of the Palestinian National Authority; Martin Alberto Vizcarra Cornejo, President of Peru; Paul Kagame, President of Rwanda; Cyril M. Ramaphosa, Prime Minister of South Africa; Yoweri Kaguta Museveni, President of Uganda; Nguyen Xuan Phuc, Prime Minister of Viet Nam; and Emmerson Mnangagwa, President of Zimbabwe.

Leaders from International Organizations include: Antonio Guterres, Secretary-General, United Nations; Michelle Bachelet, UN High Commissioner for Human Rights; Patricia Espinosa Cantellano, Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC); Kristalina Georgieva, Chief Executive Officer, World Bank; Filippo Grandi, United Nations High Commissioner for Refugees; Roberto Azevedo, Director-General, World Trade Organization (WTO); Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD); Christine Lagarde, Managing Director, International Monetary Fund (IMF); and Jens Stoltenberg, Secretary-General, North Atlantic Treaty Organization (NATO).

Leaders from civil society are: Yasunobu Aihara, General Secretary, Japanese Trade Union Confederation (Jtuc-Rengo); Sharan Burrow, General Secretary, International Trade Union Confederation (ITUC); Winnie Byanyima, Executive Director, Oxfam International; Jennifer Morgan, Executive Director, Greenpeace International; Denis Mukwege, Founder, Panzi Foundation, 2018 Nobel Peace Laureate; Kenneth Roth, Executive Director, Human Rights Watch; Marco Lambertini, Director-General, WWF International; Delia Ferreira Rubio, Chair, Transparency International; Maria Ressa, Chief Executive Officer and Executive Editor, Rappler.com; Elizabeth H. Shuler, Secretary-Treasurer and Chief Financial Officer, American Federation of Labor and Congress of Industrial Organizations (AFL-CIO); Peter Sands, Executive Director, The Global Fund to Fight AIDS, Tuberculosis and Malaria (GF); Debbie Stothard, Secretary-General International Federation for Human Rights (FIDH); and Luca Visentini, General Secretary, European Trade Union Confederation (ETUC).

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