Egypt secures $1 billion World Bank loan for economic reforms
The financing supports economic resilience, private sector growth, and a green economy transition.
Egypt signed a USD 1 billion financing agreement with the World Bank on Sunday, November 1, 2026, for the second phase of its Development Policy Financing (DPF) programme. Prime Minister Mostafa Madbouly witnessed the signing ceremony at the Ministry of Foreign Affairs in the New Administrative Capital.
Foreign Minister Badr Abdelatty and World Bank Regional Director Alwaleed Alataban signed the deal, titled “Building Resilience, Creating Opportunities and Enhancing Wealth for Egypt’s Prosperity and Stability.” The programme aims to improve the business environment, attract private investment, and boost economic competitiveness.
The reforms include improving state-owned enterprise governance, removing investment barriers, and promoting fair competition. The second phase also incorporates social protection and environmental measures, such as expanding the Takaful and Karama programmes and developing carbon credit markets.
Why it mattersEgypt's economy will receive a USD 1 billion loan to support reforms aimed at strengthening resilience and encouraging private sector investment.