Since 2014, Egypt has adopted policies to engage in regional and international partnerships and to open up to all kinds of financing from global financial institutions to provide the required liquidity for mega projects, backing the private sector, and strengthening ties with these institutions.
These policies have boosted Egypt’s net international reserves (NIRs), which had inched up to more than $45 billion in February 2020 before the COVID-19 outbreak hit the country.
According to data from international institutions, 329 implemented and ongoing projects have been financed by 21 governments and international institutions across the world from July 2014 to May 2020 in 16 sectors, with investments close to $30 billion.
Enabling Egypt to be an active global player and meeting the ambition of Egyptians to improve the efficiency of basic services are key objectives of Egypt’s National Vision 2030. Furthermore, Egypt’s sustainable development agenda constitutes a priority for the government for the sake of bringing about the prosperity of the people and pushing the national economy forward.