EBRD's current visit to Egypt supports economy, private sector: Pilloux

CAIRO – 18 October 2021: The European Bank of Reconstruction and Development’s (EBRD) visit to Egypt that is currently held demonstrates the bank’s continued support for the Egyptian economy and our commitment to the development of the private sector, EBRD’s Vice President of Banking, Alain Pilloux, said Monday.

“I look forward to the discussions on our new country strategy that is under preparation and on how we can work together even more closely and effectively to achieve sustainable and inclusive economic growth,” Pilloux noted.

EBRD’s Vice President of Banking, Alain Pilloux, is visiting Egypt from 17 to 20 October for high-level meetings with government officials to discuss the upcoming country strategy, meet the business community and sign projects.

During his visit, Pilloux will meet Prime Minister Mostafa Madbouly, Minister of International Cooperation and EBRD Governor, Rania Al-Mashat, Minister of Electricity and Renewable Energy, Mohamed Shaker, Minister of Transport, Kamel El Wazir, Minister of Planning and Economic Development, Hala Elsaid and Minister of Environment Yasmine Fouad.

Vice President Pilloux will also meet Mohamed Farid, Chairman of the Egyptian Stock Exchange, representatives of the business community, and EBRD clients.

The EBRD delegation includes Heike Harmgart, EBRD Managing Director for the southern and eastern Mediterranean region, Francis Malige, Managing Director for Financial Institutions, and Khalid Hamza, Deputy Head for Egypt.  

Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the Bank has invested more than €8 billion in 136 projects in the country.