Egypt, IFC explore new investment avenues

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib has met with the Managing Director of the International Finance Corporation (IFC) Makhtar Diop to discuss enhancing strategic cooperation and promoting Egypt’s investment priorities, according to a statement published by the ministry.

The meeting addressed tools to scale up IFC’s support for investment projects in Egypt through diverse financing instruments, El-Khatib also reviewed progress since his previous meeting with IFC officials in January, which focused on boosting private sector participation and aligning on sustainable growth priorities.

He emphasised the necessity of expanding the partnership to encompass high-impact projects that yield tangible economic and social benefits. Discussions also included Egypt’s cooperation on the World Bank’s upcoming B-Ready report, which assesses business environment readiness.

IFC’s Diop welcomed the ongoing collaboration and expressed the organisation’s readiness to continue supporting Egypt’s priority projects and positioning the country as a regional investment hub.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama