EBRD boosts trade with $50m loan to Banque Misr, Egypt

The European Bank for Reconstruction and Development (EBRD) is providing a new $50 million trade facility to Banque Misr, Egypt to support the expansion of international and intra-regional trade in the country.

The EBRD will issue guarantees in favour of international commercial banks covering the political and commercial payment risks of the transactions undertaken by Banque Misr, as well as provide financing for export and import transactions.

It will also provide technical assistance to enable Banque Misr staff working in trade finance to receive training in the latest international best practices.