Egypt’s infrastructure guarantee facility draws 10 development partners ahead of a December World Bank board vote
· Egyptian market news
Ten development finance institutions have signed onto Egypt’s USD 520 mn Infrastructure Financing Guarantee Facility (IFGF) statement in July
What they are joining: updated Project Information Document (pdf)
Funding will consist of USD 150 mn from the EBRD on 21 December
Why it matters: has been pushing EGP 560 bn EGP 452 bn