EBRD vice president heads delegation to Egypt to discuss new country strategy

Alain Pilloux, vice president of the European Bank for Reconstruction and Development (EBRD) is visiting Egypt from October 17-20 for high-level meetings with government officials to discuss the upcoming country strategy, meet the business community, and sign projects.

Ahead of the visit, Pilloux said the visit demonstrates EBRD’s “continued support for the Egyptian economy” and its “commitment to the development of the private sector.”

“I look forward to the discussions on our new country strategy that is under preparation and on how we can work together even more closely and effectively to achieve sustainable and inclusive economic growth.” the EBRD official further added in a statement.

EBRD investments in Egypt

Egypt is a founding member of the EBRD, which invested more than €8 billion ($9.3 billion) in 136 projects since the start of its operations there in 2012.

The EBRD delegation includes Heike Harmgart, managing director for the southern and eastern Mediterranean region; Francis Malige, managing director for financial institutions; and Khalid Hamza, deputy head for Egypt.