Egypt, EIB cooperation portfolio amounts to €7bn

delegation of the European Investment Bank (EIB) affirmed that Egypt is a major partner for the bank, pointing out that the cooperation portfolio between the two sides amounted to €7bn.

It also stressed that there is interest in entering into partnerships to develop areas of work for the private sector that are in line with Egyptian priorities in addition to continuing to fund infrastructure projects and supporting areas of human development.

This came in a meeting between Minister of Finance Mohamed Maait and an EIB delegation headed by Lionel Rapaille, where Maait affirmed the government’s interest in deepening the cooperation that has existed for 20 years between Egypt and the EIB to extend to priority areas of human development — namely health and education.