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Human Development in New Vision – Al-Mashat Egypt

Egypt Prioritizes Human Development in New Vision - Al-Mashat

Human Development in New Vision – Al-Mashat Egypt

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, has underscored the critical importance of human development as a key driver of economic growth, emphasizing the government’s commitment to this vital sector.

Breaking Down Silos

Al-Mashat highlighted the connection between Human Development and economic advancement at a high-level roundtable. She emphasized that economic progress depends significantly on individual growth and empowerment. This perspective represents a major shift in development thinking. Furthermore, it recognizes that personal advancement is not solely a social issue. Instead, it serves as a vital driver of economic expansion and prosperity. Moreover, this approach underscores the value of investing in people’s skills and abilities. Consequently, it positions human capital as the cornerstone of development strategies. Ultimately, this comprehensive outlook strives to foster a more sustainable and inclusive economic future for all.

Investing in the Future: Budget Allocation for Human Development

The government has allocated a significant EGP 118bn from the budget for human development in the fiscal year 2024/25, representing 42% of total government investments. This focuses primarily on education and health, with the Ministry of Planning, Economic Development, and International Cooperation committing to securing external funding, including concessional financing, technical support, grants, and debt swaps.

International Cooperation for Human Development: A Key Partner

Al-Mashat stressed the ministry’s commitment to human development in its collaborations with international partners, including the United Nations, the World Bank Group, the European Union, the United States, China, and other bilateral and multilateral partners. She emphasized that “economic development can only be achieved by enhancing human development.”

A Multidimensional Approach to Poverty Reduction

The minister announced plans to launch a national multidimensional poverty index, which will guide strategies aimed at reducing poverty rates and strengthening national capacities regarding multidimensional poverty data. This comprehensive approach will ensure that Egypt’s development strategies are data-driven and targeted to address the root causes of poverty.

Development Programs: Education and Health Take Center Stage

The ministry has launched several developmental programs in the field of human development, including the “Takaful wa Karama” program, which has benefitted 20 million Egyptian citizens through cash assistance. Additionally, the Comprehensive Health Insurance Program, supported by several development partners, aims to improve the quality of health services provided to citizens.

Education: A Key Focus for International Partnerships

Al-Mashat highlighted the education sector as a key focus for the ministry in its collaborations with development partners. This includes the establishment of 15 schools for outstanding students in science, technology, engineering, and mathematics (STEM) across 11 governorates, as well as partnerships with the private sector to support this school network.

Human Development as a Driver of Growth

In conclusion, Egypt’s new vision prioritizes Human Development as a crucial catalyst for economic growth. Firstly, the government pledges substantial investments in education and health sectors. Additionally, they focus on fostering international cooperation. Moreover, Al-Mashat stresses that economic progress hinges on improving personal growth and well-being. Furthermore, Egypt adopts a collaborative approach to secure external funding. Consequently, the nation stands ready to achieve its developmental objectives. Finally, this strategy aims to ensure a more promising future for all Egyptian citizens. Through these concerted efforts, Egypt paves the way for sustainable progress and prosperity.

 

Source: Daily News Egypt

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