Friday 13/March/2026 – 02:37 PM
Dr. Ahmed Rostam, Minister of Planning and Economic Development, and Ahmed Kjouk, Minister of Finance, held a high-level meeting with an expanded delegation from the World Bank Group, which included representatives of the International Bank for Reconstruction and Development (IBRD) and the International Finance Corporation (IFC), with the participation of representatives of the African Development Bank (AfDB), to discuss ways to enhance private investments in the infrastructure sector and stimulate private sector participation through innovative financing tools.
Financing infrastructure projects in Egypt
During the meeting, the World Bank Group delegation gave a detailed presentation on the proposal to establish an “Infrastructure Finance Guarantee Facility – IFGF”, which aims to address the financing challenges of long-term infrastructure projects in local currency, in addition to reducing reliance on direct sovereign guarantees, which contributes to alleviating pressures on the state’s general budget and managing emergency liabilities more efficiently, while working to attract private capital towards vital sectors such as renewable energy and water.
The two ministers expressed their full support for this initiative, stressing that it is in line with the Egyptian state’s directions towards enhancing financial sustainability and expanding the base of private sector participation in comprehensive development.
The meeting concluded by agreeing on a road map that includes consultations with all concerned parties, including government agencies, financial institutions, and private sector developers, to ensure that the design of the facility is aligned with the requirements of the Egyptian market and the needs of future projects in the infrastructure sectors.
