Egypt’s private sector secures $2.8bln financing from EIB in 4 years

Minister of International Cooperation Rania El-Mashat stated

Staff Writer, Arab Finance

February 28, 2024

PHOTO

The European Investment Bank (EIB) has injected $2.8 billion in financing in the Egyptian private sector over the last four years, Minister of International Cooperation Rania El-Mashat stated.

This came during a meeting held between El-Mashat and the EIB’s new president Nadia Calvino in Luxembourg.

El-Mashat pointed out that the bank was the major supporter of the country’s private sector in terms of financing.

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