Over the last five years, Egypt has ramped up its economic reform efforts with the help of international lenders. The European Bank for Reconstruction (EBRD) tops the list of supporters, with an estimated EUR 7 billion (EGP 132 billion*) in the financing of 120 projects since 2012.

Arab Finance talks with Heike Harmgart, EBRD managing director for the Southern and Eastern Mediterranean (SEMED) region, about Egypt’s economic performance compared to its neighboring emerging markets, post-pandemic recovery, the country’s stimulus efforts, and the bank’s economic support.