Egypt Secured USD 27.5 Billion in World Bank Financing Since 1959

Egypt has received more than USD 27.5 billion in financing from the World Bank through 201 projects since 1959, according to a new World Bank report. The report highlights that 13 active projects are currently underway, with a combined commitment of USD 6.5 billion.
The findings place Egypt as the third-largest partner of the World Bank in the Middle East and North Africa (MENA) region, with funding directed toward infrastructure, human capital, private-sector growth, and renewable energy.

The report also reviews progress under the 2023–27 Country Partnership Framework (CPF), supported by a USD 7 billion financing envelope. The CPF aims to create jobs, improve education and health services, and strengthen resilience against economic and climate challenges. Funding sources include USD 1 billion annually from the International Bank for Reconstruction and Development (IBRD), about USD 2 billion from the International Finance Corporation (IFC), and guarantees from the Multilateral Investment Guarantee Agency (MIGA). 

According to the report, recent achievements include improved health and nutrition services for 6.3 million people, better education for 3.6 million students, food security support for 2.2 million people, sanitation access for 1.1 million people, and expanded rail services benefiting over 30 million citizens. In Upper Egypt, infrastructure improvements have reached 8 million people.

The Takaful and Karama cash transfer program now supports 5.2 million households, 75% of whom are women. Meanwhile, the Catalyzing Entrepreneurship for Job Creation initiative has generated over 400,000 jobs and supported 200,000 beneficiaries, nearly half of them women and youth. The report also highlights the World Bank’s backing of Egypt’s feed-in tariff scheme, which paved the way for the 1,465-megawatt Benban solar park.

Egypt’s Planning and International Cooperation Minister Rania al-Mashat said the partnership aligns with Egypt Vision 2030, with a focus on empowering the private sector. Investment Minister Hassan El-Khatib noted that Egypt aims to rank among the World Bank’s top 50 economies in its Business Ready (B-READY) index by 2026.