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In a statement, the minister added that the agreement between the two banks comes as part of a larger agreement approved by the EIB worth€1.9bn, where €1.1bn will be provided for the transport sector and €800m for SMEs.
Al-Mashat said meeting tackled how recently approved €1.1bn funding put towards financing 3 National Authority for Tunnels project
Over 25% of funds dedicated to women in business and climate action
The EIB has approved €16.6bn of new financing for projects across Europe and around the world. This includes over €10bn of coronavirus-related investment to improve public health, strengthen public services, and back investment by companies in sectors hit by the pandemic.
€3.2bn aid goes to public health, elderly care, targeted business support
Fayed also emphasised that Banque du Caire’s keenness to boost and diversify its foreign currency funding resources is directed at financing SMEs, which are a cornerstone in economic growth and sustainable development.
The partnership, delivered through the InnovFin Advisory programme, will see the EIB provide strategic financial advice and support to CEPI and its members on how best to accelerate vaccine development.
EIB offers additional funding for medical supplies, equipment needed according to Egypt’s crisis response
The EIB, a publicly owned bank whose shareholders are the EU member states, said the financing comes as part of the Team Europe response to the pandemic. It added that the funds are supported by guarantees from the EU budget.
EIB Group’s coronavirus response will support financing of up to 1.5% of Europe’s GDP
Bank’s current portfolio exceeds €2.3bn
Share of climate financing rises to 31% of EIB’s total
The Bank has provided more than €50bn for energy investment worldwide over the last 5 years
A total of 27 contracts were signed for a total value €4bn from 2015 to 2019, with average amount per year was hence €800m, says Scannapieco
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
“Abad’s previous experience covering multilateral development and external relations will make a significant contribution to reinforcing the effective engagement of the EIB as a leader financier in Egypt,” the EIB announced in a statement.
EIB grants Alexandria West Wastewater Treatment Plant with €20m, expected to be signed by year-end, says EIB’s Mashreq Unit head
Survey to run in 40 countries, including Egypt, says EBRD’s Chief Economist
For transforming sustainable transport, EIB provides €350m for Cairo Metro
Projects benefit 2 million Giza, Alexandria, Sharqia, Menoufia, Port Said, Assiut inhabitants, creates 320,000 daily jobs
Bank invests $11.3m in Sawari Ventures’ fund
The Kitchener drain project with a fund of €214m is expected to be signed by the end of 2018 with increasing finance to the private sector with a fund of €375m, the European Investment Bank (EIB) Vice President Dario Scannapieco told Daily News Egypt.
EIB looks forward to sign Fayoum Wastewater Expansion Project, says vice president
EU member states give €130m grant to create jobs, improve education, transport, water, energy
Project’s total cost estimated at €163.5m, European Investment Bank providing about 47%
EIB has long list of interesting projects under appraisal in transport, energy, environment, SMEs sectors, says Palanza
The Research and Awareness Department at the EIB is organising a seminar for journalists on Wednesday, entitled “Financing Green Projects”. Hoda Sabri, a financial and banking expert, has worked for several years in foreign banks inside and outside Egypt in the fields of project finance and credit, branch management, investment and corporate finance, and small …
EIB welcomes the country’s actions to make reforms that have long term objectives, says Vice President
The EIB has provided EUR 2.7bn to the private sector in the region
EIB is providing a €100m loan to the Qatar National Bank to support SMEs