EBRD provides first sustainability-linked loan in Egypt's financial sector
Egypt, July 11 -- The European Bank for Reconstruction and Development (EBRD) is supporting the competitiveness of Egypt's banking sector and the country's sustainability goals with a US$ 100 million (€85 million) sustainability-linked loan to Banque Misr.The loan will enable Banque Misr to make more financing available to local women-led or owned micro, small and medium-sized enterprises (MSMEs), as well as to low-income individuals for affordable housing.The financing will also support Banque Misr's sustainable green lending to private MSMEs and address financing gaps to underserved segments in the Egyptian market.Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Egypt's Governor at th...
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