Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

EGYPT

AID

EIB Lends 60Mn To Egyptian Private Sector

The European Investment Bank (EIB) is lending 60mn to the Egyptian private sector under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP). The loans will be channeled through major Egyptian partner banks to small and medium-sized private sector projects in the areas of industry, services, tourism and agro-food. In the first phase, partner banks include the Export...