Planning Minister Announces $26B Deal with Islamic Development Bank
The Minister of Planning and Economic Development revealed that the Islamic Development Bank Group is one of Egypt’s largest development partners, with a cooperation portfolio totaling approximately $26 billion. This includes strategic sectors such as industry, energy, agriculture, health, and education. He also pointed out the signing of an annual work program valued at $1.5 billion to secure basic goods, alongside initiatives to finance economic crises and enhance the country's recovery capacity. The focus is on strengthening local manufacturing and developing infrastructure financing to reduce financial risks on the Egyptian economy.
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