EBRD invests €6.5B in Egypt through 115 projects – Egypttoday

EBRD invests €6.5B in Egypt through 115 projects – Egypttoday

CAIRO - 21 June 2020: Cooperation volume between Egypt and the European Bank for Reconstruction and Development amounts to €6.5 billion through 115 projects, according to Minister of International Cooperation Rania al-Mashat.. EBRD agreed to provide $100 million in financing to the Commercial International Bank, to re-lend it to private sector projects in Egypt.. The European Bank for Reconstruction and Development loaned to both the National Bank of Kuwait Egypt and the National Bank of Egypt $100 million each in the current month of June.. CAIRO - 7 June 2020: The European Bank for Reconstruction and Development (EBRD) approved a loan of up to $ 100 million to the National Bank of Kuwait Egypt (NBKE) for on-lending to private businesses, with a special focus on small and medium-sized enterprises (SMES) in Egypt, International Cooperation Minister Rania Al-Mashat announced Sunday.. Egypt launches 1st phase of black sand separation, extraction project in Rashid.