ICIEC has facilitated a financing transaction to support the purchase of essential food commodities in Egypt, reinforcing food security and ensuring the steady supply of critical goods within the country.
The transaction is backed by ICIEC’s Bank Master Policy issued on 12 March 2026, with a tenor of one year. One of our key clients acts as the policyholder, while the Arab Republic of Egypt, represented by the General Authority for Supply Commodities (GASC), serves as the borrower. The financing carries an insurance coverage of USD 300 million, with a risk coverage of 95%, demonstrating strong support for this essential transaction.
The financing is dedicated to the purchase of food commodities, a critical requirement for maintaining national food supply chains and supporting the needs of the population. By enabling timely procurement, the transaction helps ensure the availability of essential goods and contributes to price stability in domestic markets.
ICIEC plays a key strategic role in facilitating this transaction by providing risk mitigation, thereby enabling access to financing for the procurement of vital commodities. This support is particularly important for member states, where ensuring the availability of food supplies remains a top priority for economic stability and social well-being.
The expected development impact of the project is centered on strengthening food security and supporting the continuous supply of essential commodities. Through its involvement, ICIEC contributes to safeguarding the availability of food resources and enhancing resilience in the face of supply chain challenges.
The project contributes directly to several United Nations Sustainable Development Goals, including SDG 2 (Zero Hunger) by ensuring access to essential food supplies, and SDG 8 (Decent Work and Economic Growth) through supporting market stability and economic resilience.
Through this initiative, ICIEC reaffirms its commitment to supporting member states such as Egypt in meeting critical needs, promoting stability, and advancing sustainable development.
