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Planning Minister assesses Islamic Guarantee Framework
The article focused on the review by Egyptian Minister of Planning and Economic Development, Dr. Ahmed Rustom, of the "IFGF" infrastructure project financing mechanism, which is being developed in collaboration with the World Bank. The goal is to expand innovative financing tools and stimulate private sector participation by providing long-term funding in local currency. The discussion also covered strengthening cooperation with the Swedish Development Finance Agency (Swedfund), which possesses extensive expertise in private sector financing in Egypt, aiming to attract more private investments and support the country's sustainable development efforts. During the meeting, the economic cooperation relations between Egypt and Sweden were emphasized, along with encouragement for the agency's participation in Egyptian infrastructure projects.
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