Egypt approves EBRD expansion

Egypt has approved amendments to the European Bank for Reconstruction and Development (EBRD) founding agreement to expand its operations in Sub-Saharan Africa and Iraq and lift legal limits on private capital.

President Abdel Fattah El Sisi issued Decree No. 70 of 2025 approving Resolutions No. 259 and 260 of the bank’s Board of Governors. The approval was granted with a reservation subject to ratification.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

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