Egypt secures $9.5B in concessional financing from development partners in 2023-2026
Updated 1/15/2026 2:55:00 PM
Arab Finance: The total concessional development financing mobilized with multilateral and bilateral development partners to support Egypt’s general budget hit nearly $9.5 billion during the years from 2023 to 2026, Minister of Planning and Economic Development and International Cooperation Rania Al-Mashat unveiled.
This was revealed following the EU’s approval of the first tranche of the second phase of the macro-financial assistance (MFA) and budget support mechanism, amounting to €1 billion.
This concessional financing package aligns with Egypt’s National Structural Reforms Program (NSRP), and is directly linked to a comprehensive set of economic, social, and sectoral reforms implemented within a clear and time-bound framework.
It includes around $795 million in guarantees supporting the issuance of Panda and Samurai bonds, comprising $200 million from the Asian Infrastructure Investment Bank (AIIB) and $595 million from the African Development Bank (AfDB).
Al-Mashat indicated that these guarantees boost Egypt’s access to international capital markets through lower-yield instruments that support sustainable development projects and help diversify financing sources.
The overall financing package includes €4 billion ($5.7 billion) under the EU’s MFA and budget support mechanism. This is in addition to $1.3 billion from the World Bank in Development Policy Financing and budget support for the Universal Health Insurance System and the Takaful and Karama social protection program.
Egypt also secured $557 million from the Japan International Cooperation Agency (JICA) to support the Universal Health Insurance budget, private sector development, and economic diversification.
Moreover, the French Development Agency (AFD) granted $221 million as budget support for the Universal Health Insurance Program.
The state received $300 million from the AIIB for Development Policy Financing and $572 million from the AfDB to support food security, economic resilience, and private sector empowerment.
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