Multilateral and Bilateral Partnerships
Egypt’s current cooperation portfolio with the IFC is to approximately $1.84 billion across multiple sectors, with an additional $26.8 million injected into private sector investments during January 2024
Minister of MoIC, Rania Al-Mashat, recently met with Italian Deputy Minister of Foreign Affairs and International Cooperation, Edmondo Cirelli, to discuss bilateral cooperation programs and debt swap arrangements
The primary focus of the meeting was to advance economic diplomacy and provide support to the private sector in Egypt
Al-Mashat clarified that the financing was “dedicated to accelerating progress towards sustainable development in electricity, renewable energy, transportation, MSMEs, water, education, health, and many other sectors".
During her participation, Al-Mashat emphasized Egypt's dedication to strengthening international partnerships with both multilateral and bilateral development partners in the water sector
During the meeting, the two sides also discussed cooperation in green energy projects, and supporting small and emerging projects
Budliger affirmed Switzerland's support for Egypt's economic reform program, which was implemented in agreement with the International Monetary Fund (IMF)
The conference was organized by the South Korean Ministry of Economy and Finance and the Korea Export-Import Bank, in cooperation with the African Development Bank (AfDB)
Austrian investments in Egypt are across 173 projects in a wide range of sectors such as industry, services, tourism, construction, finance, agriculture, telecommunications, and information technology
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