Mashat: Egypt is among largest countries of operations for IFC with investments approaching $9 bn ...Egypt

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Minister of International Cooperation Rania al-Mashat affirmed that the relationship with the International Finance Corporation (IFC) has facilitated approximately $9 billion in financing and investments for the private sector, in addition to a portfolio of advisory services worth $34 million, since the inception of the institution in Egypt, thus Cairo has become one of the largest countries of operations for the IFC among a hundred countries worldwide. This came during the opening speech delivered by Mashat, who is Egypt’s governor to the World Bank, as part of the events of the “IFC Day in Egypt,” during the visit of Sergio Pimenta, Vice President of the International Finance Corporation f

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