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 …
International Finance Corporation
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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
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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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 …
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News
Banque Misr May Receive $260 M Loan from IFC for Local MSMEs, Women-Owned SMEs
by Nada Khaledby Nada KhaledThe International Finance Corporation (IFC) may extend $260 million to state-owned Banque Misr for on-lending to local MSMEs and women-owned SMEs. According to the lender’s website, the IFC will fund …
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, is joining forces with the International Finance Corporation (IFC) to establish and put into effect a robust climate risk management …
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News
IFC Invests $25m in Africa-focused Private Equity Fund to Support Women Entrepreneurs
by nevineby nevineThe International Finance Corporation (IFC), a World Bank Group (WBG) financing arm, stated last Wednesday that it will make an equity investment of up to €25 M in the Mediterrania Capital …
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News
Al Tadamun Partners with IFC to Foster Egypt’s Smallest Women-Owned Enterprises
by nevineby nevineBuilding on over ten years of partnership, IFC announced an agreement with Egypt’s Al Tadamun Microfinance Foundation to help the company digitize and expand its services, including to the smallest …