Mr Ismail Shawky Ismail Amr
Senior economist & trade specialist
Ministry of International Cooperation
I've been a government official since 2012, working as a Senior Economist and Trade Specialist in cooperation with Asian countries. I was fortunate to work on the Egypt-India cooperation file, and I had a good chance to choose by the government to travel to India for a month and a half in 2014 for government training. Actually, it was a fantastic opportunity to learn about India from the inside out, plus I gained a great understanding and experience as a result of this training.
Also I had a master degree from Seoul National University in south Korea with the title of “National development Policy for African Countries” and my thesis was about the development cooperation with Africa.
Takin into consideration the prospective of the population of India and Africa, we can say that their populations are nearly same, as evidenced by the fact that the bilateral trade volume between them exceeded 55 billion dollars last year showing the great ties between both of them.
I'm honored to apply to this important event “The CII- EXIM Bank Conclave on India-Africa Project Partnership" and looking forward the participate, and I'm positively sure that I can add to this event and also learn from it a lot.
Thank you so much and see you soon in New Delhi
The Ministry of International Cooperation is the ministry in charge of economic cooperation and development between the Arab Republic of Egypt and the Arab States, foreign countries, and international and regional organizations. It also aids in economic and social development within Egypt. Its headquarters are located in Cairo. Ministry mission “Preliminary Actions” The development project to be financed from abroad by the beneficiary shall be included in the five-year plan for economic and social development, and a priority and code number shall be assigned to it. The beneficiary body sends a request to the Ministry of International Cooperation to provide the necessary funding for the project, in which it shows the code number, the total cost of the project and the value of the required foreign funding, accompanied by a feasibility study and an acknowledgment of the management of the local component needed for it. Criteria for obtaining financing from development bank partners The Ministry of International Cooperation studies the project’s financing request and ensures that it is included in the five-year plan and examines and studies the feasibility attached to it that confirms its feasibility, its return and the extent of its contribution to the general development of the state, taking into consideration the equitable distribution of the financial capabilities available to the various economic and social development sectors as well as the equitable distribution over the governorates of the Republic to ensure the use of financing In a way that achieves the greatest benefit for Egypt. The Ministry shall take into account, as far as possible, obtaining non-refundable grants when contributing to the financing of a non-profit project. The ministry is concerned with the project's ability to generate a return in foreign exchange, and then the ability to repay the loan and its burdens with the knowledge of the beneficiary without burdening the state budget with any burdens. The loan must include a grant element of at least 40%. Borrowing shall be in accordance with the permissible borrowing ceiling, which is that the amount of borrowing annually does not exceed the burdens that are repaid in the same year, so that the borrowing is within the safe limits. The terms should be simplistic to the maximum degree in terms of grace and repayment periods, the interest rate, as well as the financing package. Borrowing is carried out within the narrowest limits and with the easiest conditions for the inevitable service projects related to the basic services of citizens such as drinking water, sanitation, education and health. The necessity of obtaining the approval of the former President of the Republic on the principle of borrowing, before commencing the negotiation procedures. Negotiating with the financing agency The development partner studies the project from the technical and financial side, by sending a mission to Egypt to discuss the project details with the beneficiary. The financing authority prepares a report evaluating the project from its point of view, and submits it to the Ministry of International Cooperation and attaches with it a