Acting PM Witnesses Dr. Nasr's Signing of the Largest Development Funding between Egypt and WB

December 2017

Acting Prime Minister Dr. Mostafa Madbouly witnessed the signing of the third tranche of the financing package worth USD 1.150 billion allocated to Egypt's development policies and economic reform program between the Minister of Investment and International Cooperation and Egypt's Governor at the World Bank (WB) Dr. Sahar Nasr and the WB's Country Director for Egypt Mr. Asad Alam, in presence of the Minister of Electricity Dr. Mohammed Shaker and the WB's CEO Dr. Kristalina Georgieva. It is worth noting that this funding is considered the largest one of its kind in the history of relationship betwee

Dr. Nasr Witnesses Signing of Agreement worth USD 100 Million between IFC and CIB

November 2017

On 28 November 2017, the Minister of Investment and International Cooperation Dr. Sahar Nasr witnessed the signing of an agreement worth USD 100 million between the International Finance Corporation (IFC) and the Commercial Investment Bank (CIB) to enhance the latter's capital base, support its growth strategy and help expand lending to customers, including local markets, which would ensure maintain current job opportunities and providing further ones in various sectors. The Minister emphasized MIIC's keenness on supporting the private sector in Egypt in coordination with IFC.

MOU Signed with IFC to Support Egypt's National Strategy for Investment Attraction

November 2017

On 27 November 2017, the Minister of Investment and International Cooperation Dr. Sahar Nasr and Director of the Middle East and North Africa Region at the International Finance Corporation (IFC) Mr. Mouayed Makhlouf signed an MOU on supporting Egypt's national strategy for investment attraction. This took place on the sidelines of a high-level panel discussion held by the IFC within the framework of supporting and developing Egypt's capital market, in presence of Head of the Financial Supervisory Authority (FSA) Dr. Mohammed Omran and Chairman of the Egyptian Exchange (EGX) Mr. Mohammed Farid.

Technical Support Grant Agreement Signed with AFD in Favor of the Transportation Sector

November 2017

On 22 November 2017, the Minister of Investment and International Cooperation Dr. Sahar Nasr, AFD’s Cairo Office Director Ms. Stephanie Lafranchi, and CODATU’s Executive Manager Mr. Jean-Jacques Helluin signed a technical cooperation agreement in the urban transportation field through FEXTE partnership grant worth EUR 500.000 to provide a technical support in favor of the Ministry of Transport. This took place in presence of the Minister of Transport Dr. Hesham Arafat, on the sidelines of the second Urban Mobility Forum held within the framework of the French-Egyptian Sustainable City Week.