Al -Mashat: Partnership with the International Finance Corporation provided funding and investment for the private sector with a value of approximately $ 9 billion

Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, confirmed the depth of strategic and fruitful relations with the International Finance Corporation, as this close partnership with the Foundation contributed to providing financing and investment to the private sector with a value of approximately 9 billion dollars, explaining that Egypt is one of the largest operating countries For the International Finance Corporation within 100 countries around the world. In Egypt. Enhances competitiveness and the ability to resist and green transformation, in addition to improving resource allocation through an integrated framework that mobilizes local and international financing for priority sectors, which accelerates progress towards sustainable development goals, adding that the framework also works to enhance data -based policies and evidence to address sectoral development gaps As a major empowerment factor. Sustainable, which contributes to achieving sustainable economic growth. Development, United Nations specialized agencies, the private sector, and NGOs. , And increasing the competitiveness of the private sector. Renewable energy, food security, and water management, which is in line with the national priorities for development, also indicating the launch of an incentive for financial and technical support for the private sector, which contributes to bridging the information gap and enabling the private sector by reviewing a full list of consulting services, technical support and funding provided Among the development partners, noting that since 2020, up to $ 14 billion has been mobilized for the private sector. The Foundation has led an alliance of nine global banks to invest in the Benban Solar Energy Complex in Aswan, and the Foundation is a major partner with the private sector in financing the energy axis investments within the & quot & quot; where it participates in financing the & quot; Abydos & quot; Energy with a capacity of 500 megawatts in Aswan, and Amont station in the & quot; Ras Gharib & quot; To generate electricity from wind power with a capacity of 500 megawatts.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and