The meeting reviewed the progress made in implementing economic reforms aimed at attracting more investment, empowering the private sector, and preparing for the upcoming investment conference.
In a letter addressed to the International Development Committee in the UK House of Commons, the FCDO explained that the guarantee is part of a planned financing package involving three upcoming Development Policy Financing (DPF) operations by the World Bank.
This came came during a meeting with members of the British Egyptian Business Association (BEBA), where she praised the partnership with British International Investment (BII).
The initiative, titled "Enhancing Food Security and Achieving Economic Stability in Egypt by Supporting Small Wheat Farmers," is the first practical project stemming from the Memorandum of Understanding (MoU) signed last October between Egypt and the United Kingdom to strengthen their cooperation on food security.
This came during a meeting between Minister of Investment and Foreign Trade, Hassan El-Khatib, with representatives of British companies working in the field of renewable energy as part of his current visit to London.
