The programme allocates $700 million to the General Authority for Supply Commodities and $800 million to the Egyptian General Petroleum Corporation.
Egypt and the International Islamic Trade Finance Corporation (ITFC) signed the 2026 annual work programme worth $1.5 billion, aimed at supporting the country’s efforts to secure essential commodities and strengthen financing mechanisms across key development sectors.
The signing ceremony was witnessed by Ahmed Rostom, Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group, alongside Adeeb Youssef Al-Aama, Chief Executive Officer of ITFC, and senior government officials including the Ministers of Supply, Petroleum, and Investment.
The programme allocates $700 million to the General Authority for Supply Commodities and $800 million to the Egyptian General Petroleum Corporation, according to the Minister of Planning.
Rostom said the financing package reflects a successful model of development partnership with ITFC, helping Egypt secure strategic commodities amid global economic and geopolitical challenges.
He added that Egypt’s economy continues to show tangible progress and stability in key performance indicators despite global headwinds, noting that food security and energy security remain top national priorities.
The minister highlighted that the long-standing partnership with ITFC, spanning nearly 18 years since 2008, has resulted in a cumulative cooperation portfolio of $24.8 billion, including multiple framework agreements, the latest of which was renewed in 2022 for five years.
He also noted that cooperation has supported trade development, export promotion, women’s economic empowerment, capacity building, and Arab-African trade integration.
Rostom reaffirmed Egypt’s commitment to continued engagement under the Arab-Africa Trade Bridges Programme, aimed at boosting exports to African markets and strengthening regional economic integration.
