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Yemen The European Bank for Reconstruction and Development boosts trade in Egypt
December 6, 2018
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The European Bank for Reconstruction and Development (EBRD) is stepping up its support for Egyptian exporters and importers with a US$ 50 million trade facility to the Arab African International Bank (AAIB) Egypt under the EBRD’s Trade Facilitation Programme (TFP).
Through this facility the EBRD will issue guarantees in favour of international commercial banks covering the political and commercial payment risk of the transactions undertaken by AAIB as well as provide financing for export and import transactions.
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Countries covered:
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Egypt
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