Minister Al-Mashat's announcement was made during a meeting with senior officials from the World Bank Group at the ministry’s headquarters in the New Administrative Capital.
The meeting was attended by Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group; Stefan Gempert, Country Director for Egypt, Yemen, and Djibouti; Cheikh Omar Sillah, International Finance Corporation (IFC) Regional Director for North Africa and the Horn of Africa; and members of the World Bank team.
Reform plans and private sector role
During the meeting, Al-Mashat said the government remains committed to deepening its strategic partnership with the World Bank Group to drive economic and social development priorities.
These include pushing ahead with fiscal and structural reforms, boosting private sector participation in line with the State Ownership Policy Document, enforcing competition laws, and expanding investments in green transition.
She stressed that proceeds from the state-owned asset sales programme will also be channelled into supporting fiscal stability and expanding private sector engagement in the economy.
The minister highlighted the recent launch of Egypt’s new Economic Development Narrative, an integrated framework that aligns Egypt Vision 2030 with the government’s work programme in response to shifting regional and global challenges.
Under this narrative, the government is pursuing an economic model that prioritizes high-productivity sectors and the real economy to increase domestic resources and achieve sustainable growth.
“The national narrative marks an advanced stage in a development path that started more than a decade ago, during which Egypt invested heavily in infrastructure, energy, ports, and smart transport, laying the foundation for a more dynamic economy capable of absorbing external shocks,” Al-Mashat explained.
She also noted that Egypt has one of the largest World Bank portfolios in the Middle East and North Africa, including International Bank for Reconstruction and Development (IBRD) commitments of more than $6 billion across 13 projects, an IFC portfolio exceeding $2 billion, and Multilateral Investment Guarantee Agency (MIGA) guarantees worth about $700 million supporting energy and logistics investments.
World Bank pledges support
World Bank Managing Director Anshula Kant reaffirmed the institution’s support for Egypt through the Financial Facilitation Incentives (FFI) framework, launched in 2025, as well as debt-for-development swap initiatives, which channel additional resources into education, healthcare, and environmental protection.
They also discussed the outcomes of recent meetings with the Ministry of Finance, with emphasis on sustaining fiscal and structural reforms, reducing public debt, and launching a green taxation strategy by December 2025.
Strengthening public-private partnerships was also highlighted as a priority.
Egypt has received over $27.5 billion in financing from the World Bank across 201 projects since 1959, with 13 active projects totalling $6.5 billion currently underway, according to the bank’s data.
Al-Mashat emphasized that cooperation with the World Bank Group remains a cornerstone of Egypt’s development agenda.
She also highlighted that expanding international partnerships and attracting investment into productive sectors and the green transition are vital to achieving inclusive and sustainable growth, which aligns with Egypt Vision 2030 and the African Union’s Agenda 2063.
Egypt is aiming to be among the world’s top 50 economies in the World Bank’s upcoming Business Ready (B-READY) report for 2026, which will be released by the World Bank.
In 2023, the World Bank Group approved the Country Partnership Framework (CPF) for Egypt, covering the period from 2023 to 2027, outlining the institution’s strategy to support the country’s development priorities with a total financing package of $7 billion.
This includes $1 billion annually in IBRD loans, around $2 billion in IFC investments over the CPF period, and MIGA guarantees.
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