EBRD invests €3.5 bln in Egypt and three Arab countries

By Yomna Yasser On May 12, 2016

The European Bank for Reconstruction and Development (EBRD) has invested €3.5 billion (around US$4 billion) in Egypt, Jordan, Tunisia, and Morocco through 100 projects since it started working in the region in 2012,

Those projects aim at developing the private sector institutions as well as improving the energy efficiency in the four countries, said Sibel Beadle, Senior Banker at the EBRD, during a banking conference in Cairo on Thursday.

Lebanon and the West Bank in Gaza will become EBRD’s major concern in the coming period, Beadle added.