Egyptian President Abdel Fattah El Sisi on Sunday lauded the fruitful partnership and co-operation between the government and the International Finance Corporation (IFC), especially in the fields of infrastructure, renewable energy, transformative industries and healthcare.
Sisi asserted Egypt’s keenness on proceeding with promoting structural reforms to bolster the role played by the private sector and secure positive climate for all investors and international capital markets.
He made the remarks during a meeting with IFC Managing Director Makhtar Diop in the presence of International Cooperation Minister Rania Mashat.
The meeting tackled means of enhancing bilateral cooperation and the IFC’s role in supporting Egypt’s development priorities, especially through an agreement due to be inked later in the day between the two sides.
Under the deal, the IFC will offer technical and consulting services to ensure the optimal implementation of the State Ownership Policy Document.
Meanwhile, Diop extolled the distinguished ties between the two sides, adding that the IFC is looking forward to inking an agreement for supporting the Egyptian offering program and providing needed advices for the implementation of the State Ownership Policy Document in line with the priorities and needs of the government.
He highlighted Egypt’s interest in promoting openness of the business climate and encouraging the IFC to increase joint programs with the private sector to incentivize its role in buttressing sustainable and comprehensive development efforts, especially in such watershed stage worldwide.
He accentuated that the IFC will promote all-out development in Egypt.
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