Minister Al-Mashat discussed with Emmanuel Nyirinkindi, IFC's Vice President of Cross-Cutting Solutions, ways of cooperation in supporting Egyptian government programs to enhance private sector participation.
This IFC’s contribution will include financial facilities for banks and financial firms, along with health, education, and manufacturing projects, Pimenta noted.
The IFC has invested $900 million in Egypt during the period from July 2023 to May 2024, according to MOIC data
Moreover, the IFC provided Egypt with advisory services worth $34 million, making Egypt one of the top countries where the IFC operates.
Minister of International Cooperation and Governor of Egypt at the World Bank Group, Rania A. Al-Mashat, announced that the International Finance Corporation's (IFC) investments in Egypt have exceeded $7 billion since the initiation of its operations in the country.
