9 Hrs
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المصدر
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Planning Minister Proposes IFGF to Ease Budget Strains
The article focused on Egypt's efforts, in collaboration with the Islamic Development Bank Group, to enhance the capacity of member countries to withstand global challenges. It highlighted the issues of economic, political, and climate-related challenges faced by nations, and emphasized the importance of strengthening technical cooperation through innovative tools such as the Infrastructure Financing Guarantee Mechanism (IFGF). The initiative aims to mobilize long-term financing in local currency, reduce budget pressures, and stimulate the private sector to fund renewable energy and water projects, with the goal of building more resilient and sustainable economies. The minister also underlined the importance of international partnerships, knowledge exchange, and the role of national institutions in supporting development policies based on accurate data to achieve sustainable development.
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