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New World Bank US$700 million Support to Help Egypt Achieve More Sustainable, Diversified and Resilient Growth

The World Bank has announced US$700 million in Development Policy Financing (DPF) for the Government of Egypt to support the country to shift toward more private sector participation, better macroeconomic and fiscal resilience, and a greener growth trajectory.

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Dr. Rania Al-Mashat, Minister of International Cooperation, Signs 8 Development Grants worth $130 Million with U.S. Ambassador

H.E. Dr. Rania Al-Mashat, Minister of International Cooperation, signed 8 developmental grant agreements totaling $130 million with Ambassador Herro Mustafa Garg, the US Ambassador to Egypt, under the framework of the Joint Economic Relations Program between the two countries. This enhances developmental cooperation efforts to support the implementation of the state's developmental vision across various sectors and encourages sustainable development efforts. The signing ceremony was attended by Mr. Sean Jones, the new Mission Director of the United States Agency for International Development (USAID) in Egypt.

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Final Session of the New Development Bank Seminar in Egypt Discusses Enhancing Global Development through South-South Cooperation

The New Development Bank Seminar, held under the auspices of President Abdel Fattah El-Sisi, concluded its activities in the New Administrative Capital with a high-level discussion panel on "Enhancing Global Development through South-South Cooperation."

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