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Source: الشورى
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Source: الشورى
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Prime Minister Mostafa Madbouly witnessed the signing of a financing agreement with the World Bank in the New Administrative Capital, as part of the second phase of the Development Policy Financing Program. The signing was attended by Foreign Minister Badr Abdelatty and Egyptian and international officials. The program aims to strengthen the economy’s competitiveness, improve the business environment, build resilience to shocks and support the green transition. Its reforms include improving governance of state-owned enterprises, expanding the number of beneficiaries of the Takaful and Karama program, enhancing emissions monitoring, and strengthening the financial sustainability of the electricity and water sectors. In May 2026, the World Bank approved total financing of $1 billion for the program, in support of Egypt’s development priorities and economic reform.
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