The observatory will serve as a national mechanism for integrating scientific evidence into policy design and program implementation, according to an official statement by the ministry.
In an official statement, Al-Mashat emphasized that this agreement marks the most significant consensus on development finance since the 2015 Addis Ababa Action Agenda
The deal aims to broaden the reach and impact of financial and non-financial services available to private sector companies in all Egyptian governorates.
Al-Mashat noted that the EBRD’s continued investment in Egypt reflects deep confidence in the country’s economic trajectory and the resilience of its private sector
In addition to this agreement, Egypt has signed a record investment deal with the United Arab Emirates and secured an extension of its $8 billion program with the International Monetary Fund (IMF) in 2024.
