The agreement was signed in the presence of the Minister of Planning and Egypt’s Governor at the EBRD, Rania Al-Mashat; Banque Misr CEO Hisham Okasha; EBRD Managing Director for Financial Institutions Francis Malige; and EBRD Regional Director for the Southern and Eastern Mediterranean Mark Davis.
“This agreement aligns with our broader strategy to integrate sustainability into our financing framework,” stated Al-Mashat. “We are committed to working with international partners to increase access to green finance and empower the private sector to contribute to sustainable development.”
She noted that since 2020, Egypt has secured over $15.6 billion in concessional financing for the private sector, with more than 40 per cent directed toward financial institutions.
The loan is part of Egypt’s broader effort to expand access to international financing for local banks and businesses. The Ministry recently signed a cooperation protocol with the Federation of Egyptian Banks to strengthen financing tools through the Hafiz platform, which connects lenders with private sector projects seeking financial and technical support.
The EBRD, which dedicates more than 80 percent of its global portfolio to the private sector, has directed over 28 percent of its operations in Egypt toward financial institutions—an approach Al-Mashat said reflects “a deep understanding of local market needs and the banking sector’s capabilities.”
She also praised the efforts of the Central Bank of Egypt (CBE) and the Financial Regulatory Authority in fostering an enabling environment for innovation in financial products and services.
Al-Mashat cited the success of Egypt’s NWFE platform—its flagship climate-finance initiative—as an example of an integrated finance strategy. The platform, she said, has gained international recognition, most recently at the 4th International Conference on Financing for Development.
Despite regional and global economic challenges, Egypt recorded 4.7 percent GDP growth in the third quarter of 2025. Private investments now account for more than 60 percent of total investment, according to the Ministry.
The Ministry’s new cooperation model with Egyptian banks aims to expand access to concessional financing, particularly for SMEs, by facilitating data sharing, streamlining application processes, and enhancing advisory support through digital platforms.
“This is not just about funding,” Al-Mashat said. “It’s about embedding sustainable finance into the national development fabric.”
Short link: