Monday, 25 May 2026
Egypt seeks broader AIIB partnership for sustainable development
Finance Minister Ahmed Kouchouk announced Egypt’s aim for a wider, more diverse investment portfolio with the Asian Infrastructure Investment Bank (AIIB), aligned with national development priorities, particularly in sustainable transport and renewable energy.
Meeting AIIB Vice President Ajay Banga on the sidelines of the Brazil Climate Conference, Kouchouk highlighted a 73% surge in private investments in Egypt, signaling strong potential in telecom, IT, manufacturing, and water desalination as promising areas for joint collaboration.
He reaffirmed Egypt’s commitment to boosting private sector involvement in climate action and green economy transition through innovative financing tools. Kouchouk stressed the importance of guarantees, local currency financing, blended instruments, and risk-mitigation models for infrastructure projects.
He also called for a larger financing share for non-regional member countries.