The World Bank s International Finance Corporation (IFC) will provide finance for the Egyptian private sector to the amount of $2 billion, Egypt s Ministry of Investment and International Cooperation announced Sunday.
According to a ministry statement, the IFC finance will focus on the renewable energy field through 2019, as part of the partnership between Egypt and the World Bank.
The statement came after a meeting between Egyptian Minister of Investment and International Cooperation Sahar Nasr and IFC CEO Philippe Le Houérou in Washington during the former s visit to the US.
The statement said that Nasr and Le Houérou discussed cooperation between Egypt and the IFC and the latest economic reforms adopted by Egypt.
