Portfolio
Egypt enjoys strong relations and a huge portfolio size with the European Investment Bank (EIB), in light of the role played by the Ministry of International Cooperation to develop and strengthen economic relations with multilateral and bilateral development partners and international institutions.
This portfolio has benefited many sectors, including, energy efficiency, renewable energy, water sanitation, development of water resources, solid waste management, migration, labor market, private sector support, technical education, vocational training, urban development and administrative reform, development of women and youth, and community development.
Mashat pointed out that the new cities' projects boost economic growth opportunities.
Mashat clarified that this amount is distributed between the International Bank for Reconstruction and Development by about $5.8 billion, and the International Finance Corporation by investments of $2.2 billion.
Attijariwafa Bank Egypt achieved net profits of LE 1.1 billion in 2017 for the first time in its history, compared to LE 663 million in 2016.
U.S. equity investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from the next leg up in interest rates.
