EBRD chooses Egypt as top investment market for second time in a row

EBRD chooses Egypt as top investment market for second time in a row

The European Bank for Reconstruction and Development (EBRD) has chosen Egypt as the top investment market for 2021-2025, based on the three objectives of reducing carbon emissions to promote environmental sustainability, promoting equal opportunities for women, and digital transformation.

Egypt had already been the top investment market for the EBRD during the previous 2016-2020 term.

The nomination came during the EBRD's 29th annual meeting, which was held virtually from London and concluded on Thursday.

The Bank's board of governors has also elected Odile Renaud-Basso of France as the Bank's next president for the coming four years, succeeding Sir Suma Chakrabarti, who stepped down in July after serving two full four-year terms.

It also approved to raise the bank's green investments to 50 percent, up from about 40 percent