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Planning Minister evaluates funding diversification efforts
During his participation in the International Monetary Fund and World Bank meetings in Bangkok in 2026, Egypt's Minister of Planning and Economic Development, Ahmed Rustom, confirmed that Egypt is working on developing a funding model for infrastructure projects that relies on market-based and local currency financing rather than sovereign financing in foreign currencies. The goal of this model is to reduce risks and lower financial commitments on the state, while providing long-term financing in Egyptian pounds aligned with the projects' durations to enhance efficiency and sustainability. He also mentioned the establishment of an independent financial entity called the International Fund for Green Financing (IFGF) to mobilize public investments and attract the private sector. This fund aims to finance sectors such as energy and renewable energy, calling on international institutions and partners to participate in supporting infrastructure financing and expanding local debt markets in a sustainable manner without increasing the financial deficit.
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