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Egyptian Prime Minister Mostafa Madbouly bats for Developing Countries at FfD4

July 1, 2025

Egyptian Prime Minister Mostafa Madbouly called for urgent international steps to tackle the mounting challenges facing developing countries. He warned that worsening poverty, food insecurity, debt, and financing costs threaten progress toward the 2030 Sustainable Development Goals (SDGs).

(3 Minutes Read)

Speaking during the plenary session of the Fourth UN Conference on Financing for Development (FfD4) in Seville, Madbouly emphasised the need for a “more serious global response” to help avert economic crises that could destabilise the global economy.

Egyptian Prime Minister Mostafa Madbouly called for urgent international steps to tackle the mounting challenges facing developing countries. He warned that worsening poverty, food insecurity, debt, and financing costs threaten progress toward the 2030 Sustainable Development Goals (SDGs).

Madbouly highlighted Egypt’s national efforts to implement UN recommendations, particularly through its “NWFE” platform, launched in 2022 to mobilise climate-aligned development finance and boost private sector engagement. He said that the country has secured around USD15.6 billion in concessional financing for the private sector since 2020, with USD 4 billion allocated to NWFE’s priority green projects. Egypt has also finalised over USD 900 million in debt swap agreements, some of which directly support NWFE’s implementation.