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Development of Dhaman Platform to Manage Currency Risks
The Egyptian Ministry of Planning and Economic Development, in cooperation with the World Bank Group, is working to develop a project financing guarantee platform for infrastructure projects. The goal is to reduce the risks associated with exchange rate fluctuations and local currencies, while increasing private sector participation in financing. The platform aims to provide flexible financial guarantees that enhance the speed of approval procedures, encourage investments in renewable energy, water desalination, transportation, and sanitation sectors, and promote environmental and social standards for the projects. This initiative seeks to decrease reliance on the general budget and to facilitate and benefit from foreign financing in a safer and more transparent manner.
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