Release date: 22 June 2004
Promoter – Financial Intermediary
Selected Egyptian public sector banks i.a. Export Development Bank of Egypt and National Bank of EgyptLocation
Description
Financing of small and medium sized projects of private sector enterprises in Egypt.
Objectives
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.
Comments
Industry and value added service sectors, including also tourism and agri-food.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million.
Total cost (Approximate amount)
N/A
Environmental aspects
Standard EIB guidelines on environmental issues will apply.
Procurement
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 11/10/2004
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).