Egypt-Capacity Building for Commercial Attaches: The World Bank’s Investment Arm: The International Finance Corporation (IFC)

September 23, 2020

CLDP will conduct a multi-month program to build the capacity of a group of 14 Egyptian commercial attaches, with a quadruple focus: 1/ Providing knowledge about international trade and the WTO; 2/ Developing skills and knowledge required for increasing Egypt’s exports; 3/  Developing skills and knowledge required for attracting foreign investment into Egypt; 4/ Developing skills and knowledge required for facilitating joint-ventures between Egyptian firms and foreign firms. 

Until international travel resumes, this program will be conducted through a series of video-conferences and webinars. The fifth phase of the program will be a video-conference that will take place in the second half of September 2020.  The purpose of the video-conference will be to help the Egyptian commercial attaches gain a good understanding of the World Bank’s International Finance Corporation (IFC), with a two-fold emphasis: a) IFC’s mission, structure, responsibilities, key activities; and, b) The role played by IFC in the financing of foreign investment projects into Egypt.

Members of IFC’s Egypt team will give a four-part presentation:

Part I: IFC’s mission, structure, resources

Part II: Overview of IFC in Egypt where IFC has already invested more than $4 billion.

Part III: Presentation of two recent IFC investments in Egypt (in Globaltronics and in Middle East Glass Manufacturing Company (MEG)

Part IV: IFC’s potential role in investments by foreign firms in Egypt.

After each part, CLDP will moderate a Q&A session.

In preparation for the video-conference, CLDP will send to the commercial attaches a document presenting IFC in Egypt, document cleared by IFC.

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