Tomorrow, Sunday May 12, H.E. Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, will participate in the activities of “IFC Day in Egypt,” and will also kickstart the high-level forum organized by the International Finance Corporation (IFC). This is part of IFC Vice President for Africa Sergio Pimenta’s visit to Egypt from May 11 to May 13.

The IFC, a member of the World Bank Group, is organizing the forum with the participation of senior officials from the government and the private sector, within the framework of enhancing efforts to empower the private sector and discussing the opportunities and challenges facing the Egyptian economy.

This reflects the close partnership between the Arab Republic of Egypt and the World Bank Group and its affiliated institutions, through the Country Partnership Framework 2023-2027, as Egypt is one of the largest countries of operations for the IFC, with an investment portfolio estimated at approximately $8.9 billion, in addition to consultations and technical support amounting to its value is $34 million.

The forum is scheduled to witness high-level participation from the government side and private sector institutions, where a number of discussion sessions will be held that discuss sustainable investment opportunities in Egypt, and explore challenges and opportunities regarding enhancing competitiveness, sustainability, and creating job opportunities in the private sector in Egypt, as well as strengthening the partnership between the government and private sectors. The forum will also witness the signing of agreements with the government and private sectors.