The EBRD will provide the National Bank of Kuwait Egypt with USD 100 mn for onlending to the private sector, according to a statement by the International Cooperation Ministry. Minister Rania Al Mashat had said in April that the EBRD has expanded its short-term liquidity funding package for its Southern and Eastern Mediterranean countries, including Egypt, following talks with multilateral lenders.

In separate news, EBRD awarded Egypt two international sustainability awards, a statement by the bank said. The Egyptian Electricity Transmission Company won a silver award for promoting green skills for women in the renewable energy sector, and the Egyptian National Railways won a bronze award for cracking down on harassment on the country’s rail network. The lender recognized a total of 16 clients in 11 countries for environmental and social sustainability.

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