Infograph: ongoing cooperation portfolio bet. Egypt, EBRD amounts to €4.4B financing 106 projects

CAIRO – 21 April 2021: Egypt’s Ministry of International Cooperation issued an infograph reveals the ongoing cooperation portfolio between the Ministry and the EBRD which amounts to €4.4 billion, financing 106 projects, 58 percent of which is allocated to the private sector, and 42 percent to the public sector.

In the private sector, €2.5 billion is dedicated to 93 projects making up for 58 percent of the portfolio. In the public sector, €1.9 billion is dedicated to 14 projects making up for 42 percent of the portfolio.

In 2020, Egypt was the EBRD’s largest country of operations in the Southern and Eastern Mediterranean (SEMED) region, accounting for more than €1 billion financing 21 projects; 47 percent of the bank’s total investments in the region.

Minister of International Cooperation Rania Al-Mashat referred Wednesday to the global partnerships implemented with the EBRD during 2020, as the bank provided development financing for the private sector that amounts to €784 billion, within the framework of the Trade Facilitation Programme and the bank’s financing allocated to support the economies of emerging markets in light of the pandemic’s repercussions.

Among the financial institutions that received financing from the EBRD are the National Bank of Egypt, Commercial International Bank, Banque Misr, Banque du Caire and QNB Alahli; each received a development financing worth $100 million.

The funds provided by the EBRD to the private sector during 2020 are divided into 93.6 percent dedicated to financial institutions, 3.9 percent dedicated to industry and services, 1.9 percent dedicated to tourism and real estate, and 0.6 percent dedicated to information technology.