🇪🇬EgyptNorth Africa
President El-Sisi approves $300 million AIIB loan for Egypt's resilience program
via Egypt Today1 min read
President Abdel Fattah El-Sisi has officially approved a $300 million financing agreement with the Asian Infrastructure Investment Bank AIIB. This loan is designated to support the “Enhancing Resilience, Opportunities and Wellbeing in Egypt” program. The approval was formalized through Presidential Decree No. 434 of 2025, published in the Official Gazette after receiving Cabinet approval. The House of Representatives had approved the agreement on March 30, 2026, and President El-Sisi ratified it on April 6, 2026. The funding will facilitate the implementation of the program, aligning with Egypt’s ongoing collaboration with the AIIB.
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This summary was AI-generated from a story originally published by Egypt Today.
Badr Abdelatty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, inaugurated the first roundtable of the Egypt-hosted United Nations initiative on artificial intelligence and human development. The event, held at Al-Azhar University, was attended by Amina Mohammed, UN Deputy Secretary-General; Dr. Rania Al-Mashat, Executive Secretary of ESCWA; Dr. Ghada Waly, former UN Under-Secretary-General; Professor Salama Daoud, President of Al-Azhar University; and Elena Panova, UN Resident Coordinator in Egypt. Minister Abdelatty highlighted Egypt's pride in hosting the event, which serves as a platform for dialogue on using AI to advance human development and the Sustainable Development Goals. He noted the symbolic significance of Al-Azhar University as the venue and detailed Egypt's steps toward AI governance, including the establishment of the National Council for Artificial Intelligence, Quantum Computing, and Emerging Technologies, the adoption of the National Framework for AI Governance in 2026, and the launch of the Egyptian Charter for Responsible AI. The Foreign Minister emphasized that human development is central to the National Artificial Intelligence Strategy, aiming to leverage AI for enhanced government services, scientific research, startup support, youth empowerment, and national capacity building, while preserving Arabic language and cultural heritage. Egypt's vision aligns with the Sustainable Development Goals, placing humans at the hear
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