The announcement was made during the IFC’s Financing for Sustainable Future Forum held in Cairo on Sunday in partnership with the Central Bank of Egypt (CBE) and the World Bank Group.
The forum was organized under IFC’s 30by30 programme, which brought together public and private partners to mobilize private financing for climate mitigation and adaptation projects in Egypt, Mexico, the Philippines, and South Africa.
The funding came from the German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Climate Action.
One of the flagship initiatives builds on IFC’s strategic partnership with Banque Misr, aiming to scale up green finance in Egypt significantly.
Backed by a $150 million investment, the project seeks to accelerate investments in energy efficiency, sustainable transport, green buildings, and renewable energy, while also expanding access to finance for MSMEs.
The initiative places a strong emphasis on inclusion, allocating 20 percent of lending to women-owned businesses.
IFC is also launching an advisory programme with the Export Development Bank of Egypt to strengthen data governance and climate reporting mechanisms under the Egypt 30by30 framework.
Through the programme, the bank will identify and track the impact of green transactions, increase its exposure to climate-positive projects, and support Egypt’s broader transition toward a green economy.
A third project involves a partnership with GlobalCorp Group, one of Egypt’s leading non-bank financial institution (NBFI) platforms. The initiative aims to expand access to leasing and factoring services for MSMEs, particularly businesses operating in vulnerable communities.
Supported by a $30 million dual-currency investment, the project also advances capital market development through IFC’s first local-currency securitization in Egypt and the country’s first development finance institution (DFI) investment in a leasing securitization.
IFC’s investment in GlobalCorp is supported by a swap rate buydown from the PROSPECTS Partnership, led by the government of the Netherlands, as well as by the World Bank Group Joint Capital Markets Programme (J-CAP) in Egypt, supported by Switzerland through SECO and the World Bank Group’s Sustainable Finance Facility.
In the healthcare sector, IFC has partnered with GMED Holding and its subsidiaries (EGMED) to expand access to quality healthcare services across Egypt and East Africa.
Supported by a $15 million investment, the initiative aims to increase production capacity and availability of high-quality medical products and equipment, while building local capacity through specialized training for medical staff on advanced medical technologies.
The fifth project is a partnership with Breadfast, a multi-vertical consumer supply-chain technology platform.
Backed by a $13 million investment, the initiative seeks to accelerate business expansion and create large-scale employment across logistics, manufacturing, technology, and customer service, while strengthening food security through advanced distribution infrastructure and expanding market access for SMEs in the retail sector.
Speaking at the forum, Hassan Abdalla, CBE governor, said climate change has evolved from an environmental issue into a financial one.
He noted that the CBE has played a pivotal role in steering the banking sector toward sustainability through the issuance of Sustainable Finance Guiding Principles in 2021, binding sustainable finance regulations in 2022, and Carbon Border Adjustment Mechanism (CBAM) reporting requirements in 2025.
He added that participation in the forum aims to promote financial and banking stability while strengthening the long-term competitiveness of Egypt’s economy.
For his part, Tafara said that for five decades, IFC has worked with Egypt to turn economic challenges into opportunities by supporting a dynamic and competitive private sector.
He added that IFC’s investment and advisory activities support national priorities ranging from clean energy and climate finance to healthcare and MSME development, helping build a more resilient, inclusive, and competitive economy.
Since beginning operations in Egypt, IFC has invested and mobilized nearly $10 billion in development projects and currently manages an advisory portfolio of $27 million in the country.
Its engagement supports Egypt’s strategy to expand access to finance, scale climate-positive investments, enhance industrial competitiveness, strengthen infrastructure, and improve the quality of essential services, while advancing gender inclusion and digital innovation to drive long-term growth and job creation.
Short link: