21 Hrs
Source:
المصدر
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Finance guarantee rollout
Minister of Planning and Economic Development Ahmed Rostom discussed with representatives of the Asian Infrastructure Investment Bank the latest developments in the bank’s investment in a guarantee mechanism for financing infrastructure projects. The ministry is developing the mechanism in cooperation with the World Bank Group and national institutions and entities. He called for accelerating the completion of the regulatory and technical procedures needed to launch the mechanism on schedule. It is intended to boost private-sector participation, attract investment and expand local-currency financing, while reducing reliance on sovereign guarantees and external borrowing.
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