Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaEU and EBRD increase support for businesses and digital infrastructure
The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) are boosting their support for underserved micro, small and medium-sized enterprises (MSMEs) in Eastern Partnership and Southern neighbourhood countries. Furthermore, they are increasing available finance to develop broadband infrastructure and services in these areas.
Agreements on two EU financial guarantees, totalling as much as €150 million, were signed in the margins of the World Bank/IMF Annual Meetings in Washington, DC. They are expected to complement at least €500 million in EBRD finance, as well as additional investment by commercial lenders and other private-sector investors.
The EU is providing the guarantees through its European Fund for Sustainable Development Plus (EFSD+) Guarantee Programme, which supports financing and investment operations in partner countries. It supports EBRD operations in the Southern neighbourhood region (Egypt, Jordan, Morocco, Tunisia, Lebanon and the West Bank and Gaza), as well as Eastern Partnership countries (Armenia, Azerbaijan, Georgia, Moldova and Ukraine). EU guarantees also support economies affected by the Covid-19 pandemic and by Russia’s war on Ukraine.
Countries covered:
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Algeria
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Egypt
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Israel
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Jordan
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Lebanon
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Libya
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Morocco
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Palestine *
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Syria *
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Tunisia
