U.S. commits US$430m in insurance to support development of Egypt’s natural gas infrastructure

EGYPT— Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), has announced a commitment to provide US$430 million in insurance to support the development of natural gas infrastructure in Egypt. Boehler made the announcement during a signing ceremony that was held at the sidelines of the Investment for Africa Forum. Also present during the signing was the U.S. Ambassador to Egypt Jonathan Cohen as well as Egyptian Prime Minister Moustafa Madbouly and Minister of Investment and International Cooperation Sahar Nasr. According to DFC, the insurance facility…

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