Arab Finance: The European Bank for Reconstruction and Development (EBRD) will be provide the National Bank of Egypt (NBE) with up to $100 million senior unsecured loan under an A/B loan structure for micro, small, and medium-sized enterprises (MSMEs), according to a statement.
Half of the proceeds of the loan will be used for on-lending to MSMEs outside of Cairo and Alexandria, while the other half will be directed toward enterprises owned or led by women and young entrepreneurs.