Cairo: Deputy Prime Minister for Economic Affairs, Dr. Hussein Eissa, engaged in discussions with a delegation from the World Bank Group, including representatives from the International Bank for Reconstruction and Development (IBRD). Dr. Ahmed Rostom, Minister of Planning and Economic Development, was also present at the meeting. The focus of the dialogue was on enhancing private investment in the infrastructure sector and encouraging private sector participation through innovative financing solutions.

According to State Information Service Egypt, the World Bank Group delegation put forth a proposal to establish an 'Infrastructure Finance Guarantee Facility (IFGF).' The proposed facility aims to tackle the financing hurdles linked with long-term projects, particularly in securing local currency financing. Additionally, the IFGF seeks to minimize the dependence on direct sovereign guarantees, thus alleviating pressure on the state budget while promoting more effective financial obligation management. The facility also aspires to draw private capital to crucial sectors, notably renewable energy and water.