EBRD approves $100 mln financial package to Banque Misr for SMEs in Egypt

The European Bank for Reconstruction and Development (EBRD) has approved a $100 million financing package for the Banque Misr to help SMEs.

The financing package is designed to support small and medium-sized businesses in the North African country.

The EBRD funding will be provided to under the Bank’s Resilience Framework (RF), which was developed as part of the Bank’s response to the coronavirus pandemic.