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Planning Minister reviews infrastructure fund with partners
The article focused on the meeting between Egyptian Planning and Economic Development Minister, Ahmed Rustom, and leaders of the World Bank Group and other international institutions, to follow up on the launch of the "Infrastructure Project Financing Guarantee Mechanism in Egypt" (IFGF). The mechanism aims to stimulate private sector participation through innovative and long-term financing solutions, reduce investment risks, and support the achievement of Egypt’s Vision 2030 goals. It also seeks to enhance growth and employment in sectors such as renewable energy, water, and transportation. The mechanism is expected to help reduce pressure on the general budget, provide guarantees to attract both foreign and domestic investments, with the World Bank committed to transferring expertise and providing technical support to ensure the project's success.
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