PRIVATE SECTOR DEVELOPMENT AND ECONOMIC GROWTH

Promoteur – Intermédiaire Financier

Acceptable banks.

Lieu

• Égypte

Description

Line of credit to Egyptian banks for the purpose of financing small and medium sized projects in productive and related sectors in Egypt. The overall objective of the loan is to promote economic growth and employment for Egyptian private sector companies.

Objectifs

The project's objective is to support the local private sector, in particular SMEs. The proposed credit line facility is aimed at the partial financing of small and medium-sized investment projects targeting productive sectors undertaken by private companies. It will improve the availability of long-term funding and the possibility of extending foreign currency loans for the intermediary banks.

Commentaires

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Garantie au titre du MPE

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

Montant BEI envisagé (montant approximatif)

EUR 140 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

Projects co-financed under the proposed facility will be required to comply with the relevant national legal framework and be acceptable to the Bank in line, as appropriate, with the EU Environmental policy and legislation.

Passation des marchés

Normal procurement rules for EIB global loans will apply.

Statut

Signé - 14/03/2015