President Abdel Fattah El Sisi on Sunday reaffirmed Egypt’s commitment to deepening its partnership with the International Finance Corporation (IFC), highlighting the importance of enhanced collaboration in light of regional challenges that impact development efforts.
The statement came during a meeting with IFC Managing Director Makhtar Diop, who expressed the institution’s dedication to sustaining and expanding its engagement with Egypt. Also present were Ethiopis Tafara, IFC Vice President and General Counsel, and Egypt’s Minister of Planning and Economic Development Rania Al-Mashat.
According to Presidential Spokesman Mohamed El-Shenawy, President Sisi commended the long-standing cooperation between Egypt and the IFC and emphasized the need to expand joint efforts to attract more investment and support private sector financing.
The president underscored the importance of offering competitive financing terms to ease cost burdens, pointing to Egypt’s ongoing structural and economic reforms aimed at preserving macroeconomic stability.
He reaffirmed the state’s commitment to empowering the private sector as a key driver of development, noting government efforts to provide tax and customs incentives, streamline procedures, and foster investor confidence. Initiatives to boost exports, promote productive and service sectors, and expand public-private partnerships were also highlighted.
For his part, Diop praised Egypt’s economic reform agenda, emphasizing that it strengthens investor confidence and creates a more favorable investment environment. He confirmed that joint programs will continue, supporting Egypt’s economic competitiveness and sustainable development goals.
