The European Bank for Reconstruction and Development (EBRD) continues to support small and medium-sized enterprises (SMEs) in Egypt, providing a US$30 million loan to Bank Audi SAE Egypt for on-lending to local SMEs.
Philip ter Woort, EBRD Director for Egypt, said: “The EBRD considers SMEs to be the backbone of the economy and we focus on strengthening them across all our countries of operations.”