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Investments in the SDGs that maximise synergies, minimise
trade-offs, and address the priorities of the local communities
involved can lead to a reduction of the requires expenditures of
achieving the SDGs in Egypt by 22 percent, compared to the
initial allocation that is calculated based on the sum of individual
SDGs costs. The Hayah Karima project, which covers approximately
60 per cent of total population and focuses on rural
Egypt, is estimated to cost USD 45 billion during its three year
implementation period. This is roughly 4.2 per cent of Egypt’s
GDP. Comparing that figure to the 4.2 per cent of emerging economies
average as proposed by Gasper and others, this shows
that the estimate is a conservative one.
A country’s Integrated National Financing Frameworks (INFFs)
establishes a basis for financing national sustainable development
priorities. It is noteworthy that Egypt is taking solid steps
towards developing its INFF through its joint program with the
Joint SDG Fund.
Based on the INFF, and in line with the global Financing for
Development (FFD) framework, the report goes on to analyse the
different financial flows in the Egyptian financing landscape. The
first and the increasingly important source of finance is domestic
public finance. Fiscal policies should work to ensure that no one
is left behind during the transitional phase of reforms by properly
planned and fiscally sustainable social protection systems that
improve access to essential services and contribute to breaking
the cycle of poverty and how trade can be a possible engine for
inclusive economic growth and poverty reduction.
Throughout the chapters of the “Financing Sustainable Development
in Egypt” report, the key message that is clearly emphasised
is that finance goes beyond mere funding. Finance for
Sustainable Development is a critical measure as it provides a
comprehensive framework to enhance the efficiency of funding
and directing the flows of funds.
It helps maximise coordination and complementarity among the
different sources of funding, and incentivises warranted changes
in investment, production, saving, and consumption. For finance
to contribute to sustainable development, it needs to be evidence-
based, supported by effective institutions and well-coordinated
public policies with frequent monitoring and evaluation
so as to achieve the common good aspired to in the SDGs.
The National Museum of Egyptian Civilization will hosted for the
first time, the World Art Forum (WAF), the largest international
contemporary art event that adopts the sustainable development
goals (SDGs) at the core of their mission under the auspices of five
ministries: The Ministry of Culture, the Ministry of Planning and
Economic Development, the Ministry of Tourism and Antiquities,
the Ministry of State for Immigration and Expatriates’ Affairs, the
Ministry of Environment, and the State’s Department of Tourism
in Cairo.
CAIRO’S NATIONAL MUSEUM
OF EGYPTIAN CIVILIZATION HOSTED THE
“WORLD ART FORUM”
The World Art Forum (WAF) – organized by Sheranda World Art –
reflects the link between contemporary art and Sustainable
Development Goals (SDGs) which in line with Egypt’s 2030
Vision. The Forum aims to consolidate the relationship of art in
general and contemporary art in particular with the development
of a culture that promotes a more sustainable future playing a
role in enriching human beliefs and the dimensions of human
identity and its role in constructing it.
The Contemporary Artist, Ms. Randa Fouad, president of Sheranda
World Art and president of the World Art Forum, stated: “The
World Art Forum endorses the link between contemporary arts
and the United Nations Sustainable Development Goals which is
compatible with Egypt’s 2030 Vision. We are pleased to see five
ministries supporting such an important event, along with our
partners the United Nations Representative Office in Egypt and
the New York International Contemporary Art Society.”
Ms. Randa added: “This event is the first of its kind and will be
held in Egypt, the land of civilization and culture. After the event,
several artistic and development initiatives will be expected to
launch, to emphasize the concept of continuity and sustainable
development”.
Ms. Shereen Badr, Co-founder and CEO of Sheranda World Art
and the CEO of the World Art Forum, said: “Through this forum,
we strive to bring together artists from all over the world to
spread a message that elevates the importance and value of art
by playing a key role in spreading and raising awareness of social
issues, exchanging ideas and experiences about a sustainable
future of which we are all a part of. The forum features exhibitions,
cultural institutions and artists from 30 countries.
Photo: Shutterstock
Together we draw the future! Debut of the World Art Forum in Egypt: Artists and galleries, showcased artworks from over thirty counties, spreading art
and culture that raises awareness about global issues and humanitarian values.
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