Integrated National Financing Strategy in Egypt

Integrated National Financing Strategy in Egypt

Egypt is committed to achieving the Sustainable Development Goals (SDGs) guided by Egypt Vision 2030, its comprehensive national development strategy. As most countries, Egypt faces a funding gap to achieve its development aspirations, especially in health, education, electricity, water and sanitation, and transportation. Egypt has also been challenged in recent years by a series of socioeconomic shocks that have affected the mobilization and allocation of sufficient financing for the SDGs, including COVID-19 and geopolitical conflicts. Meanwhile, new development challenges are emerging that will require significant outlays in the coming period, such as fi¬nancing a just and equitable energy transition and adapting and building resilience to climate change. 

In order to overcome these challenges, the Government of Egypt has been undertaking an ambitious set of structural reforms to sup¬port macroeconomic stability and sustainable growth, including actions targeting fiscal and debt sustainability, exchange rate flexibility, human capital development, and a strengthened private sector. In this regard, Egypt’s Integrated National Financing Strategy (E-INFS) aims to foster those actions by providing an integrated national financing framework that acts as an umbrella for different financing initiatives which aim at accelerating the SDGs. Moreover, the strategy sets an actionable roadmap for sustainable and innovative financing to close the financing gap through a set of actions including: scaling up public-private partnerships (PPPs), greening the banking system, and utilizing financing instruments to support priority sectors.