Several Egyptian government entities and the European Bank for Reconstruction and the development (EBRD) signed six agreements and memoranda of understanding (MoUs) It was in the presence of Prime Minister Mostafa Madbouly.

A statement indicates that the agreements between Egypt and the EBRD focus on cooperation in investment, energy and of sustainable development. According to the Prime Minister, these agreements support Egypt's economic development priorities by strengthening the role of private sector, by improving investment flows and by modernizing energy sector infrastructures in accordance with the national objectives of sustainable development.

Indeed, an agreement has been signed between the Company Egyptian Electricity Transmission Authority (EETC) and the EBRD in order to strengthen the Egyptian electricity network. It is part of a framework of wider cooperation aimed at developing infrastructure and strengthening the capacity of the network to integrate renewable energies.

Another memorandum of understanding has been signed between the General Authority for Investment and Free Zones (GAFI) and the EBRD, aimed at promoting investment cooperation. The objective is to establish a framework to increase awareness of investment mechanisms and highlight opportunities of investment in Egypt, and supports efforts to attract more foreign direct investment.

Another memorandum of understanding aims to broaden the participation of the private sector in sustainable development by improving access to the Hafiz platform, a national portal connecting private companies to development finance, to technical assistance and consultancy services.