{"id":638254,"date":"2017-10-01T04:09:58","date_gmt":"2017-10-01T04:09:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/egypt-could-see-usd-1-bn-in-funding-from-the-ifc-this-financial-year\/"},"modified":"2017-10-01T04:09:58","modified_gmt":"2017-10-01T04:09:58","slug":"egypt-could-see-usd-1-bn-in-funding-from-the-ifc-this-financial-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/egypt-could-see-usd-1-bn-in-funding-from-the-ifc-this-financial-year\/","title":{"rendered":"Egypt could see USD 1 bn in funding from the IFC this financial year"},"content":{"rendered":"

<\/a> Egypt could see USD 1 bn in funding from the IFC this fiscal year:<\/strong> Egypt will be the key beneficiary of a 20% increase in funding the International Finance Corporation (IFC) is planning to provide to the MENA region this year, said the IFC\u2019s MENA director Mouayed Makhlouf. The IFC is planning to raise MENA funding to USD 2 bn in its current financial year which ends in June 2018, up from USD 1.7 bn last year<\/a>. IFC funding to Egypt is expected to triple to USD 1 bn this year from around USD 300 mn in the previous 12-month period, The National reports<\/a>. \u201cWhat helped is the reform of the Egyptian government and the very strong IMF programme that was adopted and agreed to with the IMF,\u201d Makhlouf said. \u201cThe very strong reforms [in Egypt] we haven\u2019t seen in any other government in the region and we hope others follow, especially in North Africa,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt could see USD 1 bn in funding from the IFC this fiscal year: Egypt will be the key beneficiary of a 20% increase in funding the International Finance Corporation (IFC) is planning to provide to the MENA region this year, said the IFC\u2019s MENA director Mouayed Makhlouf. The IFC is planning to raise MENA […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638254","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e2ed2ca5-5c48-401c-be63-5b150b2d1969","order":"0","is_powered_by":true,"section_story_id":"bf29d388-4a11-4658-bd13-e04105dffd0d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638243],"teaser":"","voice_url":""},"yoast_head":"\nEgypt could see USD 1 bn in funding from the IFC this financial year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/egypt-could-see-usd-1-bn-in-funding-from-the-ifc-this-financial-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt could see USD 1 bn in funding from the IFC this financial year\" \/>\n<meta property=\"og:description\" content=\"Egypt could see USD 1 bn in funding from the IFC this fiscal year: Egypt will be the key beneficiary of a 20% increase in funding the International Finance Corporation (IFC) is planning to provide to the MENA region this year, said the IFC\u2019s MENA director Mouayed Makhlouf. 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The local press had been\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641072,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/ifc-committed-usd-1-7-bn-in-funding-to-mena-private-sector-projects-in-fy2016-17\/","url_meta":{"origin":638254,"position":2},"title":"IFC committed USD 1.7 bn in funding to MENA private-sector projects in FY2016-17","author":"enterpriseam admin","date":"12 September 2017","format":false,"excerpt":"IFC committed USD 1.7 bn in funding to MENA private-sector projects in FY2016-17: The World Bank Group\u2019s International Finance Corporation (IFC) announced yesterday (pdf) that it committed USD 1.7 bn to private-sector projects in the MENA region in the fiscal year ended on 30 June. The amount \u2014 which exceeds\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624166,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/02\/ifc-committed-usd-2-bn-in-funding-in-f2017-18\/","url_meta":{"origin":638254,"position":3},"title":"IFC committed USD 2 bn in funding in F2017-18","author":"enterpriseam admin","date":"2 September 2018","format":false,"excerpt":"IFC committed USD 2 bn in funding to Mideast, North Africa in F2017-18: The International Finance Corporation (IFC) announced last week that it committed a record USD 2 bn in funding to private sector projects in the MENA region in FY2017-18, which ended on 30 June. The organization provided USD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570734,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/13\/ifc-commits-usd-20-mn-to-egypt-north-africa-focused-pe-fund-spe-aif-i\/","url_meta":{"origin":638254,"position":4},"title":"IFC commits USD 20 mn to Egypt, North Africa-focused PE fund SPE AIF I","author":"enterpriseam admin","date":"13 April 2020","format":false,"excerpt":"IFC commits USD 20 mn to North Africa-focused PE fund: The International Finance Corporation (IFC) is committing USD 20 mn to Egypt- and North Africa-focused private equity fund SPE AIF I as its seeks to \u201cboost growth in MENA amid economic disruption,\u201d the IFC said in a press release (pdf).\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569329,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/ifc-taps-beatrice-maser-as-new-mena-head-based-in-egypt\/","url_meta":{"origin":638254,"position":5},"title":"IFC taps Beatrice Maser as new MENA head, based in Egypt","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"MOVES- The International Finance Corporation (IFC) has tapped Beatrice Maser as its new director for the Middle East and North Africa, based in Cairo, according to an emailed statement (pdf). 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