Monday, 25 May 2026
Egypt supports G20 fund to boost African investments
In Washington D.C., amid the 2025 Annual Meetings of the International Monetary Fund and World Bank, Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, joined global leaders to launch a new “Multi-Donor Trust Fund.” This initiative is part of the G20 Compact with Africa, aiming to mobilize private capital and create more jobs across the African continent from 2025 to 2030.
Speaking at the high-level event—with World Bank President Ajay Banga and German Finance Minister Lars Klingbeil—Dr. Al-Mashat emphasized the deep partnership and shared commitment among G20 nations and Africa to drive sustainable development. “This new fund is not just a financial tool; it offers a renewed global framework that links reform and real impact on the ground,” she said. The fund is a World Bank initiative, with initial support from Germany and close collaboration with Egypt and other Compact countries.
Dr. Al-Mashat highlighted Egypt’s active role, referencing President Abdel Fattah El-Sisi’s participation in the most recent Compact with Africa Summit, and stressed that this partnership is vital for ensuring development and resilience in the face of global challenges.
The minister also shared Egypt’s latest economic efforts, including its new National Narrative for Economic Development to support growth, boost exports, and encourage private sector participation, facilitated by the country’s advanced infrastructure. Egypt’s focus, she explained, is on high-productivity sectors like industry, tourism, energy, and logistics, underscoring ongoing reforms and investment opportunities.
On the sidelines, Dr. Al-Mashat met with the Atlantic Council’s Middle East & North Africa Futures Lab to discuss Egypt’s progress in fostering entrepreneurship and innovation, critical drivers for sustainable growth and job creation.
Egypt remains committed to strong partnerships—both multilateral and bilateral—and to delivering meaningful development for its people and the wider African region.