CAIRO - 12 November 2023: According to a statement released by the Ministry of Finance, the ministry, Deutsche Bank, Bank ABC, and the Arab Investment and Export Credit Guarantee Corporation (Daman) to secure $500 million in new development financing. This joint effort aims to diversify funding sources through innovative, diverse, and sustainable tools while addressing environmental and governance requirements. The Ministry of Finance commends the interest shown by international and regional banks and expresses gratitude for the involvement of Daman, Deutsche Bank, and Bank ABC, as their participation aids in diversifying sources of financing. The minister further revealed that Egypt's goals for 2023 include developing and establishing 53 hospitals with a budget of LE 27.909 billion. Additionally, Egypt plans to construct three hospitals in 2024 for LE 14.1 billion and an additional 14 hospitals in 2025, requiring investments of LE 19.56 billion.
