Since the beginning of 2024, the EBRD has provided investments worth $95 million in credit lines to banks and contributions to Egyptian private sector companies
The European Bank for Reconstruction and Development (EBRD) contributed to pumping investments in Egypt exceeding €12 billion since 2012, more than 80% of which were to the private sector, and contributed to the implementation of 174 projects in various development fields, according to a statement by the Minister of International Cooperation (MOIC), Rania Al Mashat.
Since the beginning of 2024, the EBRD has provided investments worth $95 million in credit lines to banks and contributions to Egyptian private sector companies.
This data came during the meetings between Al Mashat, representatives of the bank's board of directors, and Vice President of the EBRD, Mark Bowman.
Al Mashat discussed with EBRD’s Vice President the developments in Egypt's Platform for the Nexus of Water, Food and Energy (NWFE) where the EBRD assumes the role of the main development partner in this axis.
This program includes renewable energy generation projects with a capacity of 10 gigawatts, with investments of $10 billion. In order to enhance Egypt’s efforts to increase the mix of renewable energy in the total energy generated to about 42% by 2030.
Recently, The Italian Agency for Development will provide €2 million to EBRD to launch a program to support Egyptian startups companies and small enterprises. This came under the framework of signing the cooperation protocol between the two sides in February.
