CAIRO - 13 May 2026: Egypt signed a $1.5 billion annual work programme with the International Islamic Trade Finance Corporation (ITFC) for 2026, aimed at supporting the country’s food security and energy needs amid ongoing global economic challenges.
The agreement was signed in the presence of Minister of Planning and Economic Development Ahmed Rostom, who also serves as Egypt’s Governor at the Islamic Development Bank Group, alongside ITFC CEO Adeeb Yousuf Al-Aama and several senior ministers.
Under the programme, $700 million will be allocated to the General Authority for Supply Commodities (GASC), while $800 million will support the Egyptian General Petroleum Corporation (EGPC).
Rostom described the financing programmes with ITFC as a successful model of development partnership that supports Egypt’s economic and social stability, stressing that food and energy security remain key pillars of the country’s sustainable development strategy.
He said Egypt’s economy continues to achieve “tangible progress” and maintain stable economic indicators despite accelerating regional and global challenges, supported by ongoing government reforms and proactive economic measures.
The minister noted that cooperation between Egypt and ITFC dates back nearly 18 years, with a total cooperation portfolio reaching $24.8 billion through five framework agreements since 2008. The latest agreement, originally signed in 2018, was extended in 2022 for an additional five years.
Rostom added that the partnership has contributed to supporting trade development, export promotion, women’s economic empowerment, technical assistance, and intra-Arab and African trade integration.
He also reaffirmed Egypt’s commitment to cooperation under the Arab-Africa Trade Bridges Programme, aimed at supporting Egyptian exports and enhancing economic integration across African markets.
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