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المصري اليوم
World Bank and partners discuss new infrastructure financing
Egypt is seeking to improve infrastructure project financing through the launch of the "Infrastructure Fund Guarantee Mechanism" (IFGF), in collaboration with a group of international and regional institutions, including the World Bank, the African Development Bank, the European Investment Bank, and others. The mechanism aims to provide long-term financing solutions in local currency, reduce investment risks, alleviate pressures on the general budget, and enhance sectors such as renewable energy, water, and transportation. These efforts support Egypt's Vision 2030 objectives, encourage private investments, and promote growth and employment. The implementation phase of the project was reviewed, with reaffirmed international commitment to ensure the mechanism’s success and attract investments in Egyptian infrastructure.
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