Egypt’s Minister of Planning, Economic Development and International Cooperation and Egypt’s Governor at the World Bank Rania el Mashat met with Makhtar Diop, Managing Director of the International Finance Corporation (IFC) to discuss enhancing joint efforts between the Egyptian government and the IFC.
The discussions focused on empowering the private sector and expanding access to innovative financing mechanisms for both local and foreign companies.
The meeting took place on the sidelines of the 2025 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington.
Mashat stated that the meeting addressed developments in both the regional and global economies, particularly in light of the historic peace agreement signed by Egypt, US, Qatar and Turkey in Sharm El-Sheikh along with stopping the war on Gaza.
The agreement is expected to positively impact regional stability and the Egyptian economy, she said.
The discussions also covered Egypt’s efforts to lead the reconstruction of Gaza in coordination with the international community, she added.
She emphasized the pivotal role played by the International Finance Corporation in providing concessional financing and investments to both local and foreign private sector companies in Egypt.
The minister also referred to ongoing initiatives to offer government-owned airports for private sector partnerships, as part of an agreement previously signed between the government and the IFC.
This program aims to attract private sector financing to modernize and expand airports without imposing additional burdens on the state budget, according to her.
