Al-Mashat: The catalyst for bridging the gender gap is the first institutional cooperation between Egypt and the World Economic Forum

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Dr. Rania Al-Mashat, Minister of International Cooperation, said that the catalyst for bridging the gender gap is the first institutional cooperation between Egypt and the World Economic Forum, as it reflects the state’s commitment to advance women’s economic empowerment efforts with the participation of relevant parties, and also comes as a result of new prospects for international partnerships. Which was concluded by the Ministry during the past year, explaining that this partnership enables us to use the forum and its global presence to tell the development stories of Egypt and its efforts at all levels to promote the empowerment of women who play a vital role in development, as well as exchange experiences and knowledge with all international partners.

During her speech at the Better Egypt Summit, the Minister of International Cooperation added that Egypt is the first country in Africa and the Middle East and North Africa region to launch the gender gap catalyst, which is the first initiative of its kind focusing on achieving a specific goal of the sustainable development goals, which is the fifth related With gender equality, in order to enhance women’s economic empowerment, reduce the gender gap in the labor market, and change the stereotype about women.

According to matching development funds with the UN Sustainable Development Goals, the funds within the Ministry’s current portfolio directed at achieving the fifth goal of the sustainable development goals amount to $ 82 million, for about 13 projects, while development funds that aim to support equal opportunities between genders and empower women through achieving Several sustainable development goals, about $ 3.3 billion to implement 34 projects, in various sectors such as education, health, and others.

Al-Mashat explained that the launch of the gender gap catalyst reflects government efforts and the commitment of the Arab Republic of Egypt to take measures that ensure that women play their role in development and empower them economically, in order to better rebuild and promote sustainable growth, through a platform that includes the relevant parties. The Ministry of International Cooperation, the National Council for Women and the World Economic Forum, along with the private sector and civil society, are all working on a specific and clear implementation plan within three years to reduce economic gaps between the sexes and empower women.

The executive plan seeks to achieve many goals, including supporting the representation of women in boards of directors and holding senior positions, and issuing policies that reduce the difficulty that women face in balancing their work with childcare responsibilities, and encouraging investments in the public and private sectors in the field of child and adult care. Age, providing women with skills, experiences and scholarship opportunities by designing a program that allows them to enter the fields of information and communication technology, science, technology, engineering, mathematics, and artificial intelligence, and using digital marketing in order to help businesswomen and emerging companies better access to local and global markets, as well as enhancing financial inclusion and issuing ID cards for women.

The Minister of International Cooperation indicated that the possibility of cooperation with the Fifty Women Forum, the most influential in the economy, to contribute to the implementation of the catalyst plan to bridge the gender gap on the ground, pointing out that the governance structure for the catalyst includes the Ministry of International Cooperation, the National Council for Women and the World Economic Forum, headed by Participants from four of the largest private sector companies are International Commercial, Citadel Holding, Travco International Investments, and Delta Holding Investments. Between 50-100 companies from the private sector will participate in the actual implementation of the plan, in addition to civil society.

During the past year, the Ministry of International Cooperation held a joint coordination cooperation platform, with the participation of the National Council for Women and more than 80 representatives from multilateral and bilateral development partners, to discuss future policies and procedures to promote women’s empowerment, within the framework of a catalyst for bridging the gender gap. The Ministry of International Cooperation under the title “International Partnerships for Sustainable Development … Shaping the Future in a Changing World”, a full chapter on women’s empowerment and the efforts undertaken by the state in this context, as well as partnerships with multilateral and bilateral development partners.

It is worth noting that the Arab Republic of Egypt is the first country in the world to launch its National Strategy for Women 2030 in line with the United Nations goals for sustainable development, which reflects the state’s commitment to achieving women’s empowerment and strengthening its role in development efforts. Egypt was the first country to issue a policy paper to support women as part of its response to combating the Corona pandemic and combating its economic and social effects, and it issued 21 measures to support women during the pandemic, which pushed them to occupy the first place in the Middle East and West Asia regions, according to the report of the United Nations and the United Nations Development Program.

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