• Al-Mashat: Nearly USD 5 billion in concessional finance mobilized for private-sector renewable energy projects and national power grid investments through the NWFE Country Platform
H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, stated that the Ministry launched earlier this year Egypt’s first integrated National Strategy for Development Financing, which provides a comprehensive national framework for sustainability and financing in line with the State’s vision. The strategy aims to identify financing gaps and enhance the allocation of resources toward priority sectors.
During her meeting with members of the Senate’s Foreign Affairs Committee, the Minister noted that the Ministry works through its strong and productive partnerships with international partners to mobilize financing needs and technical assistance from multilateral development banks and international institutions.
She explained that the private sector benefits significantly from concessional financing and Egypt’s relations with development partners, noting that the private sector received USD 2.8 billion in concessional finance from development partners during the current year, bringing total concessional financing obtained since 2020 to approximately USD 17 billion.
Al-Mashat added that concessional development finance directed to the private sector has continued to increase steadily since 2020, reflecting strong confidence in the Egyptian economy. She pointed out that banks and financial institutions account for the largest share of this financing—41.4 percent—through credit lines that are on-lent to the private sector in Egypt.
She emphasized that this financing spans a wide range of vital sectors, including tourism, health, manufacturing industries, transport, and logistics. She further noted that the coming period will witness expanded cooperation and additional financing opportunities for the private sector, particularly with the launch of the European Investment Guarantee mechanism and other innovative financial instruments.
The Minister highlighted that through the NWFE Country Platform, approximately USD 5 billion in concessional development finance has been mobilized for domestic and foreign private-sector entities to implement renewable energy projects and support investments in the national electricity grid. These ambitious projects contribute to strengthening Egypt’s renewable energy capacity.
She affirmed that the NWFE Country Platform has enhanced Egypt’s international standing in climate action and has become one of the national platforms that other countries seek to replicate and learn from. She noted that the Independent High-Level Experts Group report on climate finance, released during COP30, referenced NWFE as the first fully integrated, multi-sectoral country platform directly linking investment planning across key sectors.
During the meeting, H.E. Dr. Rania Al-Mashat also reviewed the Ministry’s vision and efforts to strengthen economic diplomacy and development planning in order to achieve sustainable development and drive economic growth. She explained that the Ministry is responsible for managing public investments as well as external financing components from multilateral and bilateral development partners.
She added that since 2024, the Egyptian economy has entered a new phase marked by a clear national vision aimed at strengthening macroeconomic stability and enhancing resilience to shocks. She noted that this transformation became particularly evident starting in March 2024, with the acceleration of economic reforms and the launch of a comprehensive reform phase focused on fiscal and monetary discipline, attracting foreign direct investment, and advancing structural reforms to ensure inclusive, private-sector-led growth.