The use of innovative financing in Egypt contributes to bridging the financing gap and promoting the private sector’s role in implementing the State’s development plans, affirmed the Information and Decision Support Centre (IDSC).
The vital role played by the innovative financing in Egypt is shown through the role played by the private sector, either in financing investments or financing governmental investments, according to a report issued by the IDSC as part of a series of information reports which primarily aim to draw attention to the crucial issues that of great concern to the society and policy maker.
The report, meanwhile, reviewed efforts exerted to promote crowdfunding as an impact investment tool in Egypt.
As for the financing structure of government investments, the main reliance was placed on the public treasury to provide about 60 per cent of the total financing required for government investments, according to the report.
The State aims to promote financing climate through a series of policies and efforts which contribute to creating new mechanisms for financing, added the report.
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