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Expert opinion
18 May 2022

PSF: IsDB’s private sector bonanza

Middle East & Africa
Managing Editor
On 2-4 June, the IsDB Group’s Private Sector Forum 2022 in Egypt will gather key industry players to discuss what opportunities and financial solutions private sector players have to build back better and greener, with a particular focus on initiatives to support Egypt Vision 2030 and the SDGs.

There’s just under 15 days left until the Islamic Development Bank Group’s (IsDB) Private Sector Forum (PSF) in Egypt begins. The three day event — which happens in conjunction with the IsDB Annual Meetings — takes place from 2 to 4 June at the Sharm El Sheikh Tonino Lamborghini International Convention Center. Register your place as a guest here.

With heightened geopolitical instability, supply chain disruptions and back-to-back black swan events, trade, export and development finance solutions for corporate importers and exporters are paramount to the post-pandemic recovery, accelerating energy transition and streamlining trade flows globally. 

Private sector development has always been central to drumming up investment and trade opportunities in the region and beyond, and that’s why the IsDB is hosting the PSF alongside IsDB private sector entities including: the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), International Trade Finance Corporation (ITFC), and Islamic Corporation for the Development of the Private Sector (ICD). 

These organs of the IsDB have been helping organize the conference on a yearly basis, providing a platform to network and establish business relations and partnerships with other leading representatives and stakeholders from the community in order to share their related experience, success stories and best practices. I’m very pleased to be providing coverage from the forum this year and you can find the full agenda and list of speakers here.

PSF will also highlight the IsDB Group activities, services and initiatives in member countries including Egypt. For instance, what specific support is there for SMEs to help them seize the initiatives of Egypt Vision 2030 and the Sustainable Development Goals (SDGs). The event also aims to educate member countries on the IsDB Group’s role in promoting PPP projects and services to the private sectors interested in investing in Egypt. The forum will also connect business communities in member countries by arranging parallel business-to-business and business- to-government scheduled meetings.

From multilateral development banks (MDBs) and development finance institutions (DFIs) to export credit agencies (ECAs) and private insurers, agency finance will play a greater role in supporting private sector development in the wake of the pandemic, especially given the stronger focus from governments, investors and lenders on energy transition. In short, the public capital panacea is more integral than ever to mobilizing private capital -- and this extravaganza of an event will help facilitate the meeting of such stakeholders to discuss how private lenders and corporates can further collaborate to boost trade flows and projects. 

Dr  Muhammad Sulaiman Al Jasset, chairman of the IsDB and Dr Hala H Elsaid, Egypt’s Minister of Planning and Economic Development, will start the event with opening remarks, followed by a CEO’s session titled: Repositioning the Development Priorities for the Private Sector, with Oussama Kaissi, CEO at ICIEC, Hani Salem Sonbol, CEO at ITFC and Ayman Amin Sejiny, CEO of ICD. 

Expect panels that oscillate from different modes of financing for private sector projects and digital transformation in support of finance and investment to the role of credit and political risk in facilitating climate action and the resilience and sustainability of emerging fintech solutions. There are sessions covering the most relevant private sectors to the region at this blockbuster event. To access the agenda and full list of speakers click here.

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