Egypt discusses expanding innovative finance with EIB
The Egyptian Minister of Planning and Economic Development, Dr. Ahmed Rustom, held a meeting with a delegation from the European Investment Bank to discuss expanding innovative financing mechanisms and supporting infrastructure projects, particularly in the clean energy and green transformation sectors. The goal is to enhance funding sustainability and reduce risks, in line with Egypt’s Vision 2030 and the Economic Transformation Program 2027-2030. Officials emphasized the importance of involving international institutions in financing these mechanisms to boost confidence and facilitate investment flows, while working to obtain the necessary licenses and coordinate with the Central Bank. The European Bank also expressed interest in expanding its partnership to support renewable energy projects and infrastructure, highlighting the vital role of innovative financing in motivating the private sector and promoting sustainable development in Egypt.
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