Latest in Tag: EBRD Highlight
Latest in Tag: EBRD
Loan is part of investment package estimated at €1.6bn
The European Bank for Reconstruction and Development (EBRD) has approved a senior loan of up to $29.6m (€25m) in favour of the October Dry Port Company (ODP), a joint stock company established in Egypt. The proposed loan is part of a total investment package of $60m to finance the design, development, construction, operation and maintenance …
Egypt has very close partnerships with the European Bank for Reconstruction and Development (EBRD) on developing green cities initiatives and endorsing plans towards green recoveries, according to Rania Al-Mashat, Minister of International Cooperation. She added that the Egyptian Government is making positive strides towards a green recovery, as its mission has not only been to …
Growth was led by improvements in wholesale and retail trade, agriculture, telecommunications, and construction, says bank
EBRD’s strategy is based on supporting transition to green economy; promoting equal opportunity for women and young people; and accelerating digital transition
Bank is projected to invest more than €1bn in Egypt this year, says Heike Harmgart
EBRD delegation expressed great interest in cooperating with Egypt in field of green sustainable transport
Agreement to help bridge $2.5trn annual financing gap for development in Africa
Egyptian government’s efforts to catalyse digitization, innovation is in line with third pillar of EBRD’s new strategy: Al-Mashat
€2.5bn EBRD Green Cities programme to provide finance to invest in sustainable municipal infrastructure to help cities become greener
EBRD chief Odell Reno-Paso is expected to visit Cairo this month, first visit to one of bank’s operations in region since she took office last November
Meeting discussed preparations for EBRD President’s first visit to Egypt
Project to improve logistics, increase trade competitiveness in Egypt, says European bank
Inclusion of UAE as member will open new opportunities across EBRD regions
EBRD is willing to support Egypt’s Green Recovery strategy, says bank President Odile Renaud-Basso
Country accounted for more than €1bn of bank’s total €2.13bn development financing provided to SEMED countries, says Minister Al-Mashat
Package aims to promote tourism sector’s resilience, sustainability, and inclusive growth
Project to generate over 300 jobs, promote women’s inclusion, funded by SEC
Loan of up to $10m to TAQA PV for Solar Energy’s projects
During the meeting, the two sides discussed the executive position of a number of joint projects being implemented, and future cooperation between the two in the fields of railways, subways, maritime transport, and land and dry ports.
Two sides set up joint efforts to deliver safer transport services
The project’s total cost stands at €150m, with the EBRD’s participation in the Fund set to enable it to achieve a first closing.
Egypt achieves highest growth rate among 39 of EBRD’s countries of operations
More than €2bn will be dedicated to supporting EBRD Green Cities
EBRD commits $75m to support the company’s growth in Egypt
The programmes are complemented by EU grants of more than €30m and GCF concessional co-financing, as well as technical assistance of up to $24m.
World faces at least three immediate challenges, namely supporting economic recovery, building back better, and combating climate change, says EBRD
Green financing of €220m will be made available through local financial institutions
Meeting also touched on current negotiations over filling, operation of GERD
The loan will assist the Egyptian bank in developing its MSME lending activities, and expand access to finance for underserved MSMEs.