Egypt inked a $1 billion financing agreement on Sunday, November 1, with the World Bank to support economic reforms, private-sector participation, and the country’s transition to a green economy.

The Ministry of Petroleum and Mineral Resources and the World Bank Group launched a national charter to develop Egypt’s mining sector as part of an initiative covering eight countries.

resident Abdel Fattah El-Sisi has issued a decree approving Egypt’s subscription of $6.19 million to the 20th replenishment of the capital of the International Development Association (IDA), the concessional lending arm of the World Bank Group,

The World Bank Group has mobilized nearly $6.7 billion in private capital for Egypt since fiscal year (FY) 2021/2022.

Egypt’s real gross domestic product (GDP) is forecast to grow 4.3% in fiscal year (FY) 2026/2027, easing from an estimated 5.1% growth in FY2025/2026, according to the World Bank’s October 2026 Macro Poverty Outlook.

The World Bank Group plans to inject initial financing to support Egypt’s mining sector, with a focus on encouraging private-sector projects, particularly in phosphate and related industries, Global Director for Metals and Minerals Namrata Thapar said.

Minister of Planning and Economic Development Ahmed Rostom met with a World Bank delegation to discuss expanding cooperation on economic reform and sustainable development.

Pickalbatros Group has secured a $200 million loan from the World Bank to support the expansion of its hotel portfolio in Morocco, Chairman Kamel Abou Ali told Asharq Business.

Egypt's investment, industry, finance, planning, labor, and tourism ministers met with World Bank representatives to discuss the executive plan for a foreign direct investment (FDI) strategy aimed at boosting investment inflows and aligning them with the country's development priorities.

The World Bank has upgraded its forecast for Egypt’s real gross domestic product (GDP) growth in the current fiscal year (FY) 2025/2026 to 4.6% from 4.3% projected in April, according to the June 2026 Global Economic Prospects report.

Minister of Planning and Economic Development Ahmed Rostom discussed with World Bank officials opportunities to finance Egyptian agri-processing platforms and reduce agricultural losses in Upper Egypt.

Hussein Eissa, Egypt’s Deputy Prime Minister for Economic Affairs, discussed enhancing cooperation with the World Bank to enhance the efficiency of public investment management

The World Bank Group approved a $1 billion financing, including a $200 million credit guarantee from the UK, to boost Egypt’s private sector.

Egypt’s economic growth is projected to soften to 4.3% in the current fiscal year (FY) 2025/2026, slowing to 4% in FY 2026/2027 before accelerating to 4.6% in FY 2027/2028.

Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh held talks with senior executives from the US International Development Finance Corporation (DFC) on expanding economic cooperation and exploring investment opportunities aligned with Egypt’s economic targets.

Egypt’s economy is projected to grow between 4.8% and 5% during the third quarter (Q3) of the current fiscal year (FY) 2025/2026.

Minister of Industry Khaled Hashem and Stephan Gimbert, World Bank Regional Director for Egypt, Yemen, and Djibouti, discussed enhancing cooperation to sustain industrial development.

The National Bank of Egypt (NBE) is set to receive a short-term revolving trade loan amounting to $313.5 million backed by the World Bank’s Multilateral Investment Guarantee Agency (MIGA).

Egypt discussed new innovative tools to finance infrastructure projects in the country with the World Bank and the African Development Bank (AfDB).

Prime Minister Mostafa Madbouly met with the World Bank Group’s President Ajay Banga to discuss Egypt’s economic and structural reform.