Egypt’s private sector secures $2.1 bln loans in 2023 – minister

Egypt’s Minister of International Cooperation Rania Al-Mashat said on Sunday that the private sector has secured around $2.1 billion since the beginning of 2023 plus $7.3 billion over the last 3 years.

The minister also said “we are keen to strengthen the partnership with the U.S. Development Finance Corporation (DFC) to attract investments for private sector projects in Egypt.”

This announcement made during Al-Mashat’s meeting with a delegation of representatives from the U.S. Congress Foreign Affairs Committee, an official statement said.

Al-Mashat added that the development cooperation relations with the USAID enhance development efforts in several sectors, including education, tourism, agriculture, stimulating the private sector, small projects and governance.