In an official statement, Al-Mashat emphasized that this agreement marks the most significant consensus on development finance since the 2015 Addis Ababa Action Agenda
The International Finance Corporation's Managing Director Makhtar Diop praised Egypt’s success in mobilizing development finance in alignment with national priorities for inclusive and sustainable growth in a recent conference.
The deal aims to broaden the reach and impact of financial and non-financial services available to private sector companies in all Egyptian governorates.
The African Development Bank (AfDB) Group has greenlit up to $184.1 million in financing for the Obelisk solar energy project in southern Egypt.
The review comes as part of the ongoing loan agreement between Egypt and the Fund, aimed at supporting structural reforms and economic stabilization measures.
