On the sidelines of the IMF and World Bank meetings in Marrakesh, Morocco, Egypt’s Finance Minister Mohamed Maait met with Oussama Kaissi, the CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). They talked about strengthening their partnership and increasing the corporation’s involvement in financing strategic projects in Egypt.
Maait emphasized the government’s interest in maintaining regular communication with international partners to support Egypt’s development efforts. He said that the government aims to provide more opportunities for the private sector to enhance its production and export capacities, and to attract more investment to Egypt.
The Finance Minister also expressed his hope that the corporation would play a bigger role in backing trade and investment in Egypt, in alignment with Egypt’s Vision 2030 and the structural reforms program.
He said that the corporation could offer various services to investors, such as insurance for investment, export and import, as well as export credit. These services would help protect investors in different strategic sectors, such as industry, agriculture, communications and technology, transportation and energy, and small and medium enterprises.
Maait added that the Egyptian government has launched a strong program to support and develop Egyptian exports since October 2019. The program includes six initiatives to pay the dues of exporters, as a way to assist them during the current global economic challenges and to enable them to enter different global and regional markets.
