Egypt's Prime Minister Moustafa Madbouly has led a roundtable on Structural Reforms to Boost Private Sector Competitiveness during the Development Finance to Foster Private Sector-Led Growth and Jobs conference held in Cairo, Egyptian Cabinet has reported. The discussions focused on unlocking opportunities for the private sector, enhancing its access to development finance and technical support, and accelerating structural reforms. Makhtar Diop, IFC's Managing Director, emphasised IFC's financing projects in Africa. Other IFC officials added cooperation with Egypt in renewable energy and tourism, aiming to enhance this partnership. Discussions also featured input from business leaders in the tourism and financial sectors, who expressed interest in tapping development finance for expansion in Egypt, citing strong market potential. Egypt's Industry and Transport Minister Kamel El-Wazir affirmed that 99 per cent of Egypt's transport projects are implemented or operated by private firms, while 99.9 per cent of the country's factories are privately owned. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
