Egypt Signs USD 1 Billion World Bank Financing Deal to Support Economic Reforms

Egypt signed a USD 1 billion (EGP 55 billion)  financing agreement with the World Bank on Sunday, 1 November, under the second phase of its Development Policy Financing (DPF) programme, aimed at strengthening economic resilience, encouraging private sector investment, and supporting the country’s transition to a green economy.

Prime Minister Mostafa Madbouly witnessed the signing ceremony at the Ministry of Foreign Affairs headquarters in the New Administrative Capital.The agreement was signed by Foreign Minister Badr Abdelatty, who also serves as Egypt’s governor at the World Bank, and World Bank Regional Director Alwaleed Alataban⁠.

The programme, titled “Building Resilience, Creating Opportunities and Enhancing Wealth for Egypt’s Prosperity and Stability,” seeks to improve the country’s business environment, attract private investment, and strengthen the competitiveness of the Egyptian economy.

Its reform agenda includes improving the governance of state-owned enterprises, removing barriers to private sector investment and economic growth, promoting fair competition, increasing domestic revenue mobilisation, and reducing government borrowing costs.

The second phase also includes social protection and environmental measures, including expanding the number of beneficiaries of the Takaful and Karama programmes, improving greenhouse gas emissions monitoring, and developing carbon credit markets.

Additionally, the programme aims to strengthen the financial sustainability of Egypt’s electricity and water sectors, supporting the country’s efforts to transition towards a green economy and address the effects of climate change.

The World Bank Group’s Board of Executive Directors approved the USD 1 billion financing package in May 2026. ⁠The package includes USD 800 million (EGP 44 billion) in World Bank financing and a USD 200 million (EGP 11 billion) credit guarantee from the United Kingdom.

The financing represents the second operation in a series of three concessional development financing operations supporting Egypt’s economic reform programme.

It is also aligned with the World Bank Group’s Country Partnership Framework for Egypt for 2023–2027 and supports national priorities, including the State Ownership Policy, the government’s privatisation programme, Egypt Vision 2030, and the National Climate Change Strategy 2050.