Signature(s)
Amount
€ 60,000,000
Countries
Sector(s)
Egypt
: € 60,000,000
Credit lines
: € 60,000,000
Signature date(s)
11/10/2004 : € 60,000,000
Summary sheet
Release date
22 June 2004
Status
Reference
Signed | 11/10/2004
20040236
Project name
Promoter - financial intermediary
Global Loan Private Sector Development
Selected Egyptian public sector banks i.a. Export Development Bank of Egypt and National Bank of Egypt
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million.
N/A
Location
Sector(s)
Description
Objectives
Financing of small and medium sized projects of private sector enterprises in Egypt.
The Global Loan will support the development of private sector enterprises in a wide range of industries as well as in value-added service sectors. Such development will create wealth and employment and thus generally contribute to the country’s economic development.
Environmental aspects
Procurement
Standard EIB guidelines on environmental issues will apply.
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Comments
Industry and value added service sectors, including also tourism and agri-food.