CAIRO — Egypt signed a $1 billion financing agreement with the World Bank on Sunday, November 1, under the second phase of the Development Policy Financing (DPF) programme, aimed at strengthening economic resilience, boosting private sector investment and accelerating the country's green transition. Prime Minister Mostafa Madbouly witnessed the signing at the Ministry of Foreign Affairs headquarters in the New Administrative Capital, Business Today Egypt reported. The agreement was signed by Foreign Minister Badr Abdelatty, who also serves as Egypt's Governor at the World Bank, and Alwaleed Alatabani, the World Bank's Division Director for Egypt, Yemen and Djibouti, with Planning and Economic Development Minister Ahmed Rostom and Deputy Finance Minister for Fiscal Policies Yasser Sobhy attending.

Source: Business Today Egypt, Nov 1, 2026

The money is not new in principle — it is the formal signing of a package the World Bank Group approved on May 8, 2026, as the second operation in a three-phase development financing programme. It comprises $800 million in World Bank financing backed by a $200 million credit guarantee from the United Kingdom. Yaani: $1 billion is 100 crore dollars in all — 80 crore from the Bank and 20 crore covered by the UK guarantee. The financing falls under the second phase of the programme titled Generating Resilience, Opportunities, and Welfare for a Thriving Egypt, and aligns with the World Bank Group's Country Partnership Framework for Egypt for fiscal years 2023–2027, QNC News reported.

Source: QNC News, Nov 1, 2026

In exchange, the programme ties disbursement to a reform package: better governance of state-owned enterprises, removing barriers to private investment, promoting fair competition, strengthening domestic revenue collection and reducing government financing costs, Business Today Egypt reported. The second phase also adds social, economic and environmental reforms, including expanding coverage under Egypt's Takaful and Karama social protection programmes, improving greenhouse gas emissions monitoring, developing carbon credit markets, and strengthening the financial sustainability of the electricity and water sectors. Officials said the agreement supports Egypt's State Ownership Policy, the government privatisation programme, Egypt Vision 2030 and the National Climate Change Strategy 2050.

Source: Business Today Egypt, Nov 1, 2026

Pakistan Point's wire report of the same signing described the programme as designed to improve the competitiveness of the Egyptian economy, strengthen its ability to withstand external shocks and advance the transition to a green economy. Development Policy Financing differs from project lending: as EnterpriseAM explained when the package was approved in May, DPF disburses directly into the state budget once agreed reforms are enacted, rather than paying for a specific project — which is why the signing matters for Egypt's budget and borrowing costs, not for any single construction scheme.

Source: Pakistan Point, Nov 1, 2026