Egypt approves $6.2M capital increase
Egypt has officially approved subscribing to the capital increase of the International Development Authority amounting to $6.19 million, in accordance with a presidential decision published in the official gazette on October 22, 2026. This step is part of efforts to support international development projects and follows the approval by the Authority's Board of Governors of the 20th capital increase. The subscription aims to strengthen Egypt's role in developmental programs and to promote international cooperation in the fields of finance and development.
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