INTERVIEW: EIB eyes more cooperation with Egypt, says Cairo Office head

SourceAhram
SectorEconomy
CountryEgypt

With a portfolio of €4.8 billion, the European Investment Bank (EIB) has been one of the biggest investors in the Egyptian market over the past 40 years. In an exclusive interview, head of the EIB’s Cairo Office Alfredo Abad shares with Ahram Online the bank’s plans in the domestic market amid the ongoing COVID-19 crisis and how the bank is expected to support Egypt in case of a looming second wave. Ahram Online: Do you think the anticipated second wave of COVID-19 will severely hit the global economy? Alfredo Abad: There are uncertainties over the future development of COVID-19. For this, authorities need to plan for different possible scenarios. However, the expected economic impact may be less than in past months because healthcare systems are better prepared to ...read more...