The European Bank for Reconstruction and Development (EBRD) has announced a significant investment in Egypt’s micro, small, and medium-sized enterprises (MSMEs). The initial loan of $119.5 million will be directed to the National Bank of Egypt (NBE) to specifically support businesses owned or led by women and youth entrepreneurs.
This marks a milestone for the EBRD in Egypt, representing the first A/B loan structure provided to a financial institution in the country. The A loan portion comes directly from the EBRD, while the B loan will be co-financed by the Netherlands-based asset manager, ILX Fund. This multi-stage financing program highlights the EBRD’s commitment to fostering inclusive growth in Egypt.
The EBRD’s longstanding presence in Egypt dates back to 2012. Since then, the Bank has invested a substantial €11.9 billion across 178 projects, with a strong focus on the private sector (81% of total investments). This latest initiative reinforces the EBRD’s dedication to driving a more vibrant and inclusive Egyptian economy.
