Egypt, World Bank to develop new infrastructure funding

The article focused on Egypt's efforts to strengthen infrastructure financing through a partnership with the World Bank, aiming to mobilize the necessary funding for priority projects and reduce investment risks for the private sector. A new financing mechanism was developed for these projects, supporting sectors such as water, renewable energy, and green transportation, with the goal of enhancing spending efficiency and reducing pressure on the budget. The minister also noted that the improved performance of the Egyptian economy is contributing to securing sustainable funding, emphasizing the importance of attracting foreign investments and developing digital skills to keep up with technological advancements.

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