Minister of Foreign Affairs, International Co-operation and Egyptian Expatriates, Badr Abdelatty, underscored the importance of strengthening co-operation with the International Finance Corporation (IFC) to expand private sector participation in Egypt’s economic development and attract further investment into strategic sectors, particularly renewable energy, green hydrogen and infrastructure.
He made these remarks during a meeting with the Managing Director of the International Finance Corporation, Makhtar Diop, attended by the Minister of Planning and Economic Development, Ahmed Rostom.
During the meeting, the foreign minister commended the IFC’s contribution to supporting the government’s privatisation programme, expressing Egypt’s keenness to build on the existing partnership and attract increased IFC investment.
He noted that deepening co-operation would help stimulate domestic and foreign investment, strengthen the private sector’s role in driving economic growth and support Egypt’s efforts to navigate the challenges facing the global economy.
Minister Abdelatty further highlighted the importance of expanding trilateral cooperation between Egypt, the IFC and African countries to advance development across the continent.
He stressed the potential to combine the expertise and implementation capabilities of Egyptian companies with the IFC’s financing and advisory services to deliver projects with tangible developmental impact and support sustainable growth in African nations.
For his part, the planning minister emphasised the importance of continued IFC support for small and medium-sized enterprises (SMEs), particularly through expanding access to finance and technical assistance.
He highlighted the need to strengthen these enterprises’ capacity to access new markets and integrate into regional and global value and supply chains, thereby enhancing their competitiveness and contribution to economic development.
Rostom also stressed the importance of capitalising on the IFC’s 2030 strategy to advance green investment and climate finance initiatives, while broadening trade finance facilities and risk-sharing mechanisms.
He noted that these efforts would help mobilise private capital, promote sustainable investment and create further opportunities for private sector growth in Egypt.
