Asian Infrastructure Investment Bank
Maait elaborated Thursday that Egypt is one of the founding countries of the bank, and the largest shareholder from the African continent.
Berglöf clarified Tuesday that his bank support the diversification of energy mix towards renewables in Egypt which lead to 11 projects in Benban solar Part and rural sanitation project.
AIIB’s president praised the establishment of the Administrative Capital by self-financing through the sale of lands to investors.
During a tour of project sites in Ismailia and Port Said, the delegates said that the bank plans to pump more investments in infrastructure projects in Egypt.
Kabil met on Monday with AIIB's senior official Yee Ean Pang to discuss the bank’s projects currently being established in Egypt.
The loan will allow Egypt to increase power generation capacity and reduce reliance on gas and fuel, to help meet its commitment under the Paris Climate Agreement.
The bank enjoys "an excellent level of liquidity" and should benefit from easy access to capital markets, Fitch said.
The Asian Infrastructure Investment Bank (AIIB) will study funding for new and renewable energy projects in Egypt,
Minister of Finance Amr El-Garhy will participate Friday in the annual meeting of the Asian Infrastructure Investment Bank (AIIB).
Minister of Finance Amr el-Garhy will meet on Monday with Vice President of the Asian Infrastructure Investment Bank (AIIB) Joachim von Amsberg.