Egypt approves subscription to IFC capital increase

Egypt has endorsed its participation in the capital increase of the International Finance Corporation (IFC) by subscribing to 28,940 shares.

This decision was enacted through Presidential Decree No. 110 of 2024, issued in accordance with Article 151 of the Constitution and approved by the Council of Ministers. The decree specifies that the subscription will take effect upon ratification.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser