Development Financing

AfDB agrees to grant $271M development financing to Egypt

Tue, 19 Jul 2022 - 02:04 GMT

The development financing approved by the AfDB to support the budget comes within the framework of the government's efforts to enhance efforts to combat the challenges facing development in the current period, as a result of global developments and their related impact on food security.

$8.7B in development financing during 2021: Minister

Mon, 04 Jul 2022 - 02:14 GMT

Al-Mashat added that international institutions witnessed the boom that was achieved at the level of all development axes in Egypt during the past seven years.

ITFC provides Egypt $2.3B development financing during 2021

Sun, 07 Nov 2021 - 03:55 GMT

There are ongoing discussions on adding the Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) to the ITFC’s beneficiaries in the upcoming period, as well as means of diversifying areas of cooperation, including climate financing.

Egypt signs development financing grant agreement worth € 57.7M with Germany to implement 6 projects

Thu, 20 May 2021 - 02:28 GMT

Al-Mashat noted that these projects will be implemented in cooperation between Egypt’s relevant ministries and the KfW Development Bank, along with the German Agency for International Cooperation (GIZ).

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