EBRD posts record investment in SEMED region in 2022
January 31, 2023
The European Bank for Reconstruction and Development (EBRD) posted record investment of €2.4 billion in 50 projects in the southern and eastern Mediterranean (SEMED) region in 2022, supporting its investee economies in an extremely challenging global economic environment.
This follows cumulative investment of €1.5 billion in 2021 in Egypt, Jordan, Lebanon, Morocco, Tunisia and the West Bank and Gaza.
Seventy per cent of the Bank’s 2022 investments in the SEMED region were in the private sector, while 42 per cent were in the green economy. Half of all projects had a gender inclusion component.
In Egypt, the Bank invested more than €1.3 billion in 25 projects with a view to promoting a green and inclusive economy. Fifty-nine per cent of all investments were green and 62 per cent had a gender and inclusion focus.
The Bank became Egypt’s lead partner on the NWFE energy pillar, which was announced during COP27 and has committed US$ 1 billion of private renewable finance, US$ 300 million in sovereign finance and grants of US$ 3 million from its Shareholder Special Fund.