Minister of Planning, Economic Development, and International Cooperation receives the First Vice President of the European Bank for Reconstruction and Development to discuss the outcomes of the visit and the future of strategic relations with the Bank

At the conclusion of his visit to Egypt

Minister of Planning, Economic Development, and International Cooperation receives the First Vice President of the European Bank for Reconstruction and Development to discuss the outcomes of the visit and the future of strategic relations with the Bank

The meeting discusses plans to increase investments in start-ups, mechanisms to empower the private sector, and driving the transition to a green economy in Egypt

 Al-Mashat: More than 94 transactions executed by the European Bank in Egypt since 2020, providing over $3.5 billion in financing and investments for the private sector

Further activation of innovative financing mechanisms for the private sector to reduce borrowing costs and stimulate investment attraction efforts

At the conclusion of his first visit to Egypt, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation and Egypt’s Governor at the European Bank for Reconstruction and Development, met with Mr. Greg Guyett, First Vice President of the European Bank for Reconstruction and Development, to discuss a number of joint cooperation files. They discussed the current and future cooperation portfolio between Egypt and the Bank, and reviewed the outcomes of the visit and the meetings held by the Bank’s Vice President with various parties.

The meeting was attended by Mr. Matteo Patrone, Vice President for Banking; Mr. Mark Davis, Regional Director for the Southern and Eastern Mediterranean Region; and Ms. Reem El Saady, Deputy Regional Director of the European Bank in Egypt.

At the outset of the meeting, H.E. Dr. Rania Al-Mashat welcomed the First Vice President of the European Bank for Reconstruction and Development, affirming her appreciation for the fruitful strategic relations between Egypt and the Bank, which reflect the continuous progress in the cooperation between both sides and the success in building strong and influential partnerships. H.E. explained that relations between Egypt and the Bank have witnessed remarkable progress over the past five years, with both sides cooperating at various levels to pave the way for achieving Egypt’s targeted development rates.

The Minister of Planning, Economic Development, and International Cooperation reviewed the positive indicators of the Egyptian economy across its various pillars, as well as the State’s efforts in adopting disciplined fiscal and monetary policies and enforcing public investment governance to ensure macroeconomic stability, while simultaneously implementing policies that stimulate investment and empower the private sector. H.E. emphasized that the Egyptian economy is undergoing a transformation toward increasing productivity, investment, and private-sector engagement, thereby ensuring the achievement of comprehensive and sustainable economic development, in line with the economic model reflected in the “Egypt’s Narrative for Economic Development.”

H.E. highlighted the achievements made in 2025 in the context of joint cooperation, especially in light of the joint and ongoing work to implement renewable energy projects under the “NWFE” Program and the launch of the public-private partnership project preparation mechanism, which supports ongoing efforts to empower the private sector in Egypt. H.E. further explained that the partnership with the Bank under the Industrial Emissions Reduction Program of the Climate Investment Funds (CIF), as well as the Industrial Decarbonization Platform, will open the way for more concessional financing for the private sector in Egypt, thereby stimulating productivity growth and accelerating the green transition within the industrial sector.

H.E. Dr. Rania Al-Mashat emphasized that the most important goal of the ministry in its partnership with the European Bank, is to increase financing directed to the private sector and to build on previous achievements, in light of the pivotal and catalytic role these financings play in mobilizing additional private-sector investments. H.E. pointed out that the Bank has executed more than 94 transactions in Egypt since 2020, providing over $3.5 billion in financing and investments for the private sector.

For his part, the First Vice President of the European Bank for Reconstruction and Development affirmed the Bank’s keenness to advancing its investments in Egypt, especially with regard to start-ups, and its ongoing efforts to develop relations in line with the government’s priorities— particularly regarding private-sector financing and the transition to a green economy. He also praised the ongoing efforts undertaken by the State to achieve development and advance infrastructure.

Both sides discussed the Bank’s efforts to provide technical support and investments for the start-up and entrepreneurship sector, as well as the Bank's pursuit of diversifying financing mechanisms and sources for this vital sector. Discussions also touched upon renewable energy financing efforts and the €1.8 billion European Investment Guarantee Mechanism, which expands the Bank’s prospects for increasing its private-sector financing in Egypt.