Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

EGYPT

EIB Grants 25Mn Risk Capital Facility To Egypts Private Sector

The European Investment Bank (EIB) announced on 21 December that it was providing 25mn ($29.8mn), under its Facility for EuroMediterranean Investment and Partnership (FEMIP), in support of private equity directed at Egyptian private sector companies. The funds, in the form of a risk capital line, will be channeled through selected Egyptian financial intermediaries or...