1 Day
Source:
بوابة الفجر
Local Minister Meets UN on Egyptian Fund
The article focused on the efforts of the Ministry of Local Development and the Environment in Egypt to establish the Egyptian Coral Reef Conservation Fund in the Red Sea. The fund aims to provide sustainable financing for coral reef conservation, which is a vital backbone for tourism and the local economy, as well as protecting the environment and enhancing the capacities of local communities. The project includes two types of funding: grant facilities to finance protection activities and an investment portfolio to attract private sector investments and diversify funding sources. It relies on establishing a legal framework and transparent governance, involving civil society organizations and international expertise to support Egypt's objectives of protecting biodiversity and achieving sustainable development. During the meeting, strategies to enhance funding and leverage international experiences were discussed, along with calls for Egypt's participation in donor meetings to boost financing and effectively implement the project.
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