Egypt mobilizes over $15 bln in development finance to empower private sector growth

Egypt has secured more than $15 billion in development financing to support its private sector—a move the government says is essential for driving economic growth, attracting investment, and creating sustainable jobs.

The announcement was made during a high-level conference titled Development Financing to Empower the Private Sector: Economic Growth and Employment, hosted by the Ministry of Planning, Economic Development, and International Cooperation (MOPEDIC).

Held under the auspices of Prime Minister Mostafa Madbouly and inaugurated by Minister Rania Al-Mashat, the conference brought together international financial institutions, development banks, and private sector leaders to explore concessional financing tools and investment strategies.

By Doaa A.Moneim
Full story at English Ahram