The Egyptian Minister of Planning, Ahmed Rustom: The government is working to amend the National Investment Bank Law, with the aim of turning it into a development finance bank, through a legislative and governance framework that is compatible with the international working practices recommended in development finance institutions. Settlement of approximately 95% of the debts intended for the National Investment Bank, and working to settle the remaining 5% in coordination with the Minister of the Public Business Sector and the heads of the holding companies, especially since some entities face challenges related to their financial solvency. Debt settlement is an essential step for restructuring the financing of the National Investment Bank, and achieving a balance between its assets and liabilities, which allows it to play a greater role in financing development projects in the near future. The bank's assets are inventoried and appraised in 8 districts, at the same time as its accounts are inspected by the central audit organization and an auditing accountant from the list approved by the central bank, to determine its financial situation in a way that reflects the actual value of its assets. The bank's future role will focus on participating in the financing of development projects with clear economic feasibility. The statements came during the plenary session of the Egyptian Senate.

The Egyptian Minister of Planning, Ahmed Rustom: The government is working to amend the National Investment Bank Law, with the aim of turning it into a development finance bank, through a legislative and governance framework that is compatible with the international working practices recommended in development finance institutions. Settlement of approximately 95% of the debts intended for the National Investment Bank, and working to settle the remaining 5% in coordination with the Minister of the Public Business Sector and the heads of the holding companies, especially since some entities face challenges related to their financial solvency. Debt settlement is an essential step for restructuring the financing of the National Investment Bank, and achieving a balance between its assets and liabilities, which allows it to play a greater role in financing development projects in the near future. The bank's assets are inventoried and appraised in 8 districts, at the same time as its accounts are inspected by the central audit organization and an auditing accountant from the list approved by the central bank, to determine its financial situation in a way that reflects the actual value of its assets. The bank's future role will focus on participating in the financing of development projects with clear economic feasibility. The statements came during the plenary session of the Egyptian Senate.