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 …
IFC
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EconomyHighlights
IFC Signs Partnership Agreement with Al Baraka Bank Egypt to Empower Women Entrepreneurs
by Nada Khaledby Nada KhaledIFC 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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EconomyHighlights
Int’l Cooperation Minister Rania Al-Mashat Meets IFC Vice President in Egypt
by Nada Khaledby Nada KhaledDr. 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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EconomyHighlights
IFC, Al Baraka Bank Egypt Partner to Support MSMEs in Egypt
by Nada Khaledby Nada KhaledIFC 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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EconomyHighlights
IFC and Banque du Caire Partner to Green Egypt’s Financial Sector
by Nada Khaledby Nada KhaledIFC 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
by Nada Khaledby Nada KhaledThe 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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EconomyHighlights
Golden Coast Company Consider Releasing First Green Sukuk Issue in Egypt
by Nada Khaledby Nada KhaledLocal 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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EconomyHighlights
Egypt Receives $2.1 Bln Loans To Private Sector During 2023: Al Mashat
by Asmaa Elwahyby Asmaa ElwahyMinister of International Cooperation Rania Al-Mashat announced that Egypt has secured $2.1 billion in concessional financing for its private sector from international partners since the beginning of 2023, during a …
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HighlightsNews
IFC Appointed Strategic Advisor to Egyptian Government’s Asset Monetization Program
by Nada Khaledby Nada KhaledThis week marked the appointment of the International Finance Corporation (IFC) as a strategic advisor to the Egyptian government’s Asset Monetization Program, under which it will provide the government with …