Driving inclusive growth in #Egypt, 🇪🇬 @IFC_org’s strategy in the country focuses on boosting integration to improve competitiveness and enhance job creation in export-oriented sectors to support the Gov.’s #private sector dev. goals. #IFCinEgypt
#IFCDay in #Egypt • A joint meeting with our PM & @SPimentaIFC, to discuss updates of the Asset Monetization Program and future @IFC_org investments in Egypt, committing $1 bn to the private sector per year.
@IFCAfrica
Great conversation with #Egyptian musician & social entrepreneur @HishamKharma. We discussed the power of #creative industries for development in 🇪🇬 & beyond - and how @IFC_org + the private sector can empower them to thrive.
Local currency financing is a priority for @IFC_org globally. Our new agreement with @BanqueMisr in #Egypt paves the way for companies to borrow in EGP + scale their businesses without exposure to FX risk – enabling further private sector development + IFC investment. #IFCinEgypt
Excited for #IFCDayInEgypt! Looking forward to discussions with government, #private sector & development partners to help further unlock # Egypt’s economic potential. #IFCinEgypt
During #IFCDayInEgypt, government and private sector leaders, along with @IFC_org’s @COSyllaIFC, discussed the power of joining forces to unlock a strong, resilient, and green #economy.
Getting ready to kick off #IFCDayinEgypt! Bringing together government leaders, business community, and development partners, this @IFC_org event is focused on empowering a #sustainable private sector development to support the country’s economic growth.
To kickstart #IFCDayInEgypt, @SPimentaIFC and Dr. @RaniaAlmashat shared visionary opening remarks focused on the power of partnership - across public and private sectors - to achieve the country’s ambitious development goals.
I had the honor to engage on a fireside chat with #Egypt’s Prime Minister H.E. Dr. Mostafa Madbouly during #IFCDayInEgypt. We addressed Egypt’s economic development and how the government is supporting the private sector’s participation in the economy.
To increase access to #finance for micro, small, & medium-sized enterprises in #Egypt, @IFC_org invested $100m in Banque du Caire. The project will focus particularly on women-owned businesses + boost exports under the @IFC_org Global Trade Finance Program. #IFCinEgypt
Today, @IFC_org & #Egypt’s Universal Healthcare Insurance Authority partner to expand coverage for Egyptians. Together, we will improve healthcare quality and encourage private sector investments in #Egypt’s health sector. #IFCinEgypt
Productive conversation with #Egypt’s Prime Minister, Dr. Mostafa Madbouly, and Minister of International Cooperation @RaniaAlMashat. We discussed opportunities + challenges in Egypt’s economic and development process and @IFC_org’s support for its progress. #IFCinEgypt
Hello from the land of ancient wonders! Happy to be back to #Egypt where, for the last 50 years, @IFC_org has invested and mobilized $9bn to support Egypt’s economic growth. I look forward to meeting w/partners this week to unlock more #private investment in the country.