1 Day
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بوابة أخبار اليوم
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Planning Minister seeks World Bank funding
The article focused on the follow-up by Egyptian Minister of Planning and Economic Development, Dr. Ahmed Rustum, with a team from the World Bank Group regarding the guarantee mechanism for financing infrastructure projects in Egypt. The meeting addressed the importance of enhancing coordination among relevant parties, developing regulatory and financial frameworks, and aiming to improve implementation efficiency and diversify sources of funding. The electricity and energy sector model was presented as a successful example of cooperation with international institutions, with negotiations underway to launch priority projects. These efforts aim to reduce reliance on external borrowing and encourage private sector participation, in line with Egypt's Vision 2030. The guiding principles of the mechanism, such as good governance and transparency, were also highlighted, along with the importance of assessing the feasibility of economic projects to ensure future success.
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