Egypt, April 27 -- The European Bank for Reconstruction and Development (EBRD) is supporting youth-led micro, small and medium-sized enterprises (MSMEs) in Egypt by providing a loan of up to EGP 250 million (€4.4 million) to Fawry MSME Finance, one of the country's largest microfinance institutions.The EBRD Youth in Business credit line will be channelled to local private MSMEs that are led or majority owned by entrepreneurs under the age of 35, and will focus on rural areas. First-loss risk cover of up to 10 per cent will complement the credit line, while the young sub-borrowers will benefit from investment grants in the form of cash incentives, funded by the European Union (EU), of up to 10 per cent of the loan amount.A technical co...