The International Finance Corporation (IFC) announced a $150 million financing package for Egypt’s Commercial International Bank (CIB) on Sunday. This move aims to strengthen CIB’s capital base and enhance …
IFC
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Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, joined forces to support Egyptian businesses and trade with a $100 million financing agreement. …
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NewsPolitics
Int’l Cooperation Minister Discusses Strengthening Strategic Partnership to Empower Private Sector With IFC
Dr. Rania A. Al-Mashat, the Minister of International Cooperation and Governor of Egypt at the World Bank Group met with a high-level delegation from the International Finance Corporation (IFC). The …
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EconomyHighlights
IFC Signs Partnership Agreement with Al Baraka Bank Egypt to Empower Women Entrepreneurs
IFC has recently partnered with Al Baraka Bank Egypt to increase access to finance for micro, small, and medium-sized enterprises (MSMEs) in Egypt, including women-owned businesses, thereby catalyzing economic activity …
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Dr. Rania Al-Mashat, the Governor of Egypt and Minister of International Cooperation, met with Sérgio Pimenta, the Regional Vice President of the International Finance Corporation (IFC) for Africa, during his …
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IFC announced today a partnership with Al Baraka Bank Egypt to increase access to finance for micro-, small- and medium-sized enterprises (MSMEs) in Egypt, including women-owned businesses, helping catalyze economic …
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EconomyHighlights
IFC, Banque Misr Join Declares Supporting Small and Women-Owned Businesses in Egypt
International Finance Corporation (IFC), a member of the World Bank Group, and Banque Misr, Egypt’s second-largest public sector bank, have announced a partnership to increase access to finance for privately-owned …
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IFC is partnering with Banque du Caire to develop a climate finance strategy that will help protect the bank from climate risks, invest in green activities, and support the decarbonization …
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EconomyHighlights
Egyptian Cabinet Gives Green Light to IFC to Start Issuing EGP Bonds in Foreign Markets
The International Finance Corporation (IFC) has just gained the Egyptian Cabinet’s approval to start issuing bonds in Egyptian pounds in foreign markets. The IFC’s issuance of bonds in the local …
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Local media sources stated that Golden Coast Company, a subsidiary of Golden Pyramids Plaza is considering and studying the possibility of releasing its first green sukuk (Islamic bond) in Egypt. …
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