Dr. Bilaal Shaheeb, an economic expert, stated that President Abdel Fattah El-Sisi’s meeting with the CEO of the International Finance Corporation (IFC) reflects Egypt’s determination to continue on the path of economic reform. He highlighted that Egypt’s flexible economic reform program, launched in 2016, has led to improvements in both domestic and international markets, as well as an increase in foreign currency reserves. Shaheeb added that Egypt is open to international financing institutions to build genuine partnerships, with the goal of making the Egyptian economy more competitive and empowering the private sector as a strategic partner in implementing the state ownership policy. He also explained that the IFC plays three key roles: providing advisory support, offering concessional financing to the private sector, and making direct investments with either the government or private sector. These efforts aim to enhance integration between the state, international financing institutions, and the private sector.
— new from اليوم السابع
