European Investment Bank to Help Egypt Overcome ‘Scarcity of Resources’

View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha
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European Investment Bank to Help Egypt Overcome ‘Scarcity of Resources’

View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha

The Egyptian presidency has sought to put water at the heart of climate action to overcome water scarcity and improve its resources.

Dr. Hani Sewilam, Egypt’s Minister of Water Systems, and Irrigation, inaugurated on Monday the COP27’s Thematic Day for Water, announcing the Action on Water Adaptation or Resilience (AWARe), an initiative that will focus on inclusive cooperation to address water related challenges and solutions across climate change adaptation.

Sewilam said that the international initiative was prepared in partnership with the World Meteorological Organization (WMO) and other international bodies, under the umbrella of a number of international coalitions such as the Water and Climate Coalition, the Adaptation Action Coalition, as well as the Marrakesh Partnership Climate Action Pathway Water.

Monday’s event was attended by Ambassador Ayman Amin Tharwat, Deputy Director for the Department of Climate, Environment and Sustainable Development for the Egyptian Ministry of Foreign Affairs, and Dr. Elena Manaenkova, Deputy Secretary General of WMO.

“The Global Water Crisis is affecting billions of people worldwide. The AWARe initiative will catalyze inclusive cooperation to address water as a key to climate change adaptation and its co-benefits, as well as enhanced resilience,” the minister said.

Meanwhile, the European Investment Bank plans to provide new financing to Egypt worth $1.5 billion, mostly focused on the water treatment sector, according to Gelsomina Vigliotti, the Bank’s vice president.

During an interview with Bloomberg, on the sidelines of the Climate Summit (COP27) in Sharm el-Sheikh, Vigliotti noted that the Bank would collaborate with the Egyptian government to link water, food, and energy projects in order to actualize a strategy that would be considerate of climate change in several aspects pertaining to the economy and the impact on the population.

She added that the bank would also work with Egypt in the transport and energy sectors, given their association with carbon dioxide emissions.



Members of UN Security Council Call for Surge in Assistance to Gaza

 Palestinian man Moein Abu Odeh searches for clothes through the rubble of a house destroyed in the Israeli military offensive, in Khan Younis in the southern Gaza Strip, November 18, 2024. (Reuters)
Palestinian man Moein Abu Odeh searches for clothes through the rubble of a house destroyed in the Israeli military offensive, in Khan Younis in the southern Gaza Strip, November 18, 2024. (Reuters)
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Members of UN Security Council Call for Surge in Assistance to Gaza

 Palestinian man Moein Abu Odeh searches for clothes through the rubble of a house destroyed in the Israeli military offensive, in Khan Younis in the southern Gaza Strip, November 18, 2024. (Reuters)
Palestinian man Moein Abu Odeh searches for clothes through the rubble of a house destroyed in the Israeli military offensive, in Khan Younis in the southern Gaza Strip, November 18, 2024. (Reuters)

Members of the United Nations Security Council called on Monday for a surge in assistance to reach people in need in Gaza, warning that the situation in the Palestinian enclave was getting worse.

British Foreign Secretary David Lammy said there needs to be a "huge, huge rise in aid" to Gaza, where most of the population of 2.3 million people has been displaced and the enclave's health officials say more than 43,922 Palestinians have been killed in Israel's offensive.

"The situation is devastating, and frankly, beyond comprehension, and it's getting worse, not better. Winter's here. Famine is imminent, and 400 days into this war, it is totally unacceptable that it's harder than ever to get aid into Gaza," Lammy said.

Hamas-led gunmen attacked Israel in October last year, killing 1,200 people and taking more than 250 hostages, according to Israeli tallies.

US Ambassador to the UN Linda Thomas-Greenfield told the Security Council that Washington was closely watching Israel's actions to improve the situation for Palestinians and engaging with the Israeli government every day.

"Israel must also urgently take additional steps to alleviate the catastrophic humanitarian situation in Gaza," she said.

President Joe Biden's administration concluded this month that Israel was not currently impeding assistance to Gaza and therefore not violating US law, even as Washington acknowledged the humanitarian situation remained dire in the Palestinian enclave.

The assessment came after the US in an Oct. 13 letter gave Israel a list of steps to take within 30 days to address the worsening situation in Gaza, warning that failure to do so may have possible consequences on US military aid to Israel.

Thomas-Greenfield said Israel was working to implement 12 of the 15 steps.

"We need to see all steps fully implemented and sustained, and we need to see concrete improvement in the humanitarian situation on the ground," she said, including Israel allowing commercial trucks to move into Gaza alongside humanitarian assistance, addressing persistent lawlessness and implementing pauses in fighting in large areas of Gaza to allow assistance to reach those in need.

Tor Wennesland, the UN coordinator for the Middle East peace process, said humanitarian agencies face a challenging and dangerous operational environment in Gaza and access restrictions that hinder their work.

"The humanitarian situation in Gaza, as winter begins, is catastrophic, particularly developments in the north of Gaza with a large-scale and near-total displacement of the population and widespread destruction and clearing of land, amidst what looks like a disturbing disregard for international humanitarian law," Wennesland said.

"The current conditions are among the worst we’ve seen during the entire war and are not set to improve," he said.