Egypt using development finance to boost private sector-minister

CAIRO: Egypt will push development financing as a way to expand private sector engagement, leveraging support obtained during the coronavirus pandemic, with a focus on green projects and sustainable growth, the international cooperation minister said.
The government wants the private sector to play a bigger role, though non-oil private investment and private-sector activity has lagged, and stake sales in state firms have been delayed by market downturns and the pandemic.
State-led economic activity has helped cushion the economic impact of COVID-19.