Cairo: Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, announced that the International Islamic Trade Finance Corporation (ITFC) has provided Egypt with a total of $22.2 billion in financing. This substantial financial support includes $20.5 billion disbursed since ITFC's inception, along with $1.7 billion granted before the organization's official establishment.
According to State Information Service Egypt, the announcement followed a meeting between Al-Mashat and Adeeb Al-Aama, Executive Officer at ITFC, during which both parties discussed ways to deepen financial and technical collaboration. The conversation focused on reviewing current initiatives and identifying potential new programs, considering the rapidly shifting global and regional economic trends.
Al-Mashat also highlighted the outcomes of this year's cooperation efforts, noting that Egypt secured $1.814 billion in financing during 2025. Of that amount, $1 billion was directed to the Egyptian General Petroleum Corporation (EGPC), while $814.25 million supported the General Authority for Supply Commodities (GASC), which are key pillars of the country's energy and food security infrastructure.
The meeting further spotlighted the progress of major joint initiatives, including Phase II of the 'Step for Export' (STEP 2) program and Phase II of the 'Women in Trade' project. Both initiatives are part of the broader AFTIAS 2.0 framework aimed at enhancing regional trade capabilities. Discussions also extended to supporting planning institutes, research organizations, and specialized training centers, with a focus on cultivating a new generation of skilled professionals and export-ready entrepreneurs.
Both sides reaffirmed their commitment to ongoing collaboration, agreeing to maintain active coordination between their respective teams to launch innovative projects and explore new avenues for development. This enduring partnership continues to evolve, reflecting a shared vision to align with Egypt's national development goals and global economic priorities.