Egypt signs a $1 billion World Bank financing agreement, with a $200 million British credit guarantee

2 November 2026

Egypt has signed a $1 billion financing agreement with the World Bank.
Foreign Minister Badr Abdelatty signed it for Egypt.
The deal is the second of three concessional development policy operations, and the bank's board had approved it in May.
It includes a $200 million British credit guarantee.
Egypt has to deliver agreed changes before the money flows: in how state-owned firms are run, how competition is policed, how tax is collected, and what the government pays to borrow.
A development policy operation is budget support: the money goes to the treasury once agreed reforms are carried out, rather than to a single project.
For Egypt the signing is foreign funding for an economy under pressure from regional war, a weakening currency and rising prices.