In-depth with IFC’s Regional Director for MENA
Updated 10/12/2020 12:04:00 PM
The International Finance Corporation (IFC), a member of the World Bank Group, invested $22 billion in developing countries’ private companies during fiscal year (FY) 2019/2020.
The corporation’s support to Egypt included a loan of up to $100 million in July to increase support to individuals and companies whose cash flows have been disrupted by the COVID-19 pandemic.
Arab Finance interviewed Beatrice Maser, IFC’s regional director for the Middle East and North Africa (MENA), to explore the corporation’s current and future plans, as well as areas of interest in Egypt. Maser shared future estimates of regional GDP including that of Egypt, and discussed IFC’s means of support.
