Release date: 26 August 2019
Promoter – Financial Intermediary
BANQUE MISR SAELocation
Description
The project will enhance access to finance to small, medium sized enterprises (SMEs) and MidCaps across Egypt.
Objectives
The operation will further stimulate inclusive development of local private sector by improving access to long term financial resources, with the aim of supporting private sector development through eligible sectors of Egyptian economy.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards.
Procurement
Banque Misr will be required o take all the required measures to ensure that any procurement procedures carried out by the final beneficiaries are in line with EIB's Guide to Procurement.
Status
Signed - 24/11/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).