Egypt led the European Bank for Reconstruction and Development’s (EBRD) 2023 investments in the southern and eastern Mediterranean (SEMED) region, with new commitments to 16 projects totalling almost €1.3 billion.
Sixty-nine per cent of the Bank’s investments in Egypt were in the country’s financial sector, while 63 per cent had a gender and inclusion focus. Ninety-six per cent of its investments in the country were in the private sector.
The Bank also disbursed a record €900 million-plus in Egypt in 2023 to support the implementation of key infrastructural projects and to improve access to finance for small and medium-sized enterprises (SMEs), bringing its total disbursements to €5.7 million since the start of its operations there in 2012.
