Egypt listed for EBRD trade investment drive

Egypt is among beneficiaries as the European Bank for Reconstruction and Development (EBRD) launched investment supports on regional trade in Arab countries with the signing of a new co-financing agreement with the Arab Trade Financing Programme.To date, the EBRD has committed €742 million across 23 projects in Egypt in various sectors.

Under the EBRD’s Small Business Support programme, the Bank has also supported 185 technical assistance and capacity-building projects, which directly benefit small and medium-sized enterprises in Egypt.

The EBRD headquarters in the UK capital London, announced over the weekend that the Bank supporting the expansion of intra-regional trade in the Arab countries by teaming up with the Arab Trade Financing Program (ATFP).

Under the new agreement, the ATFP will be able to co-finance with the EBRD in a selected number of issuing banks under the EBRD’s Trade Facilitation Programme (TFP) in Egypt and other SEMED countries.