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Foreign Investment

Several ministers meet with World Bank to prepare new climate action report

Al Mashat pointed out that multi-stakeholder consultations are necessary to prepare the report, highlighting climate change’s effects on various development sectors

Al Mashat meets with World Bank Group to promote investment in human capital

Al Mashat emphasized Egypt and the World Bank Group’s strategic partnership, pointing out that WBG contributed to many projects aimed at enhancing the government’s efforts to elevate the lives of citizens

IMF’s new $650B SDR goes live, Egypt could receive $2.8B

“The SDR allocation will provide additional liquidity to the global economic system – supplementing countries’ foreign exchange reserves" IMF Managing Director

Egypt’s foreign direct investment flows up 47.3% YoY

Non-oil sectors saw an increase of 21.72% YoY, or $1.911 billion, in Q3 2020/2021 while net flows achieved a growth rate of 25.72%

Egypt-Germany allocate €151.5M to 15 new development projects

The financing is within the Egypt-Germany joint economic relations framework, working towards supporting Egypt’s Vision 2030