Egypt’s ranking comes after India, Mexico, China, the Philippines, Pakistan, and Bangladesh, all of which received higher remittance volumes.
The International Finance Corporation's Managing Director Makhtar Diop praised Egypt’s success in mobilizing development finance in alignment with national priorities for inclusive and sustainable growth in a recent conference.
The deal aims to broaden the reach and impact of financial and non-financial services available to private sector companies in all Egyptian governorates.
The total planned output is 240,000 vehicles, according to a statement issued by the Egyptian Presidency.
He stressed the government’s commitment to regularly and consistently monitoring the IPO program and the actions taken by relevant authorities, in line with the State Ownership Policy Document.
