Egypt's Minister of Planning Rania Al-Mashat, met with CEO of the International Islamic Trade Finance Corporation (ITFC), Adeeb Yousef Al-Aama, on Tuesday to review ongoing financial and technical cooperation and explore new areas of collaboration. Al-Mashat reviewed the results of 2025 cooperation, highlighting ITFC-approved financing worth $1.814 billion—$1 billion allocated to the Egyptian General Petroleum Corporation (EGPC) and $814.25 million to the General Authority for Supply Commodities (GASC). Total ITFC financing to Egypt has reached $22.2 billion, including $20.5 billion since the Corporation's establishment. She underlined the progress in Egypt's economic reforms, which have strengthened competitiveness, improved the business climate, and supported the growth of the private sector and start-ups, in line with the New Republic vision. The meeting also addressed preparations for the launch of Egypt's National Narrative for Economic Development, an executive programme aimed at driving structural transformation, boosting tradable sectors, attracting foreign direct investment, and expanding employment opportunities. Reforms introduced since March 2024 were noted for their role in stabilising the macroeconomy and enhancing the investment environment. The discussions also covered the second phase of the Step Towards Export Training – STEP 2 Programme and the Women in Trade – Phase II project under AfTIAS 2.0, as well as support for planning institutes, research centres, and specialised training facilities to nurture a new generation of export-focused entrepreneurs. The two parties agreed to maintain active communication between their respective working groups and to explore new initiatives to further strengthen their longstanding development partnership. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
