IFC invests $208 million in Egypt to boost climate finance and MSMEs

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has unveiled a $208 million investment package in Egypt aimed at accelerating climate finance, expanding access to capital for small businesses and strengthening healthcare and logistics infrastructure.

$150 million green lending partnership
The largest component is a $150 million facility with Banque Misr to expand green lending. The financing will support renewable energy projects, energy-efficiency upgrades, sustainable transport and environmentally certified buildings. At least 20 percent of the portfolio will target women-owned businesses, reinforcing financial inclusion.

Expanding MSME financing
IFC is investing $30 million in GlobalCorp Group to scale leasing and factoring services for micro, small and medium enterprises (MSMEs). The funding includes IFC’s first local-currency securitization in Egypt, strengthening domestic capital markets.

Healthcare manufacturing expansion
A $15 million commitment to GMED Holding and EGMED will expand medical equipment production and workforce training, enhancing healthcare access in Egypt and East Africa.

Logistics and supply-chain upgrade

IFC will also invest $13 million in Cairo-based Breadfast to expand logistics infrastructure and improve distribution efficiency for small retailers and suppliers.

Since entering Egypt, IFC has mobilized nearly $10 billion, underscoring its long-term confidence in the country’s economic trajectory.