Egypt Seeks Sustainable Financing for Infrastructure with World Bank, UNCDF

Egypt is actively seeking sustainable financing solutions for its ambitious infrastructure development agenda. Minister of Planning and Economic Development, Dr. Ahmed Rustom, held discussions with the World Bank to explore mechanisms for guaranteeing and financing infrastructure projects, aiming to secure long-term, sustainable funding.

The collaboration with the World Bank is intended to bolster partnerships between the government and the private sector. Simultaneously, Dr. Rustom engaged with Radhib Korokilasuriya, the Executive Secretary of the UN Capital Development Fund (UNCDF), to strengthen strategic ties between Egypt and the United Nations. These talks centered on advancing financial innovation and sustainable approaches for infrastructure financing.

Egypt aims to leverage the UNCDF's expertise to support ongoing efforts with international institutions. The focus is on expanding guarantee schemes and credit risk mitigation tools for infrastructure projects. This strategic push reflects Egypt's commitment to modernizing its infrastructure while ensuring financial stability and attracting private investment.