EBRD to extend USD 100 mn for covid-impacted SMEs in Egypt

DEBT WATCH- EBRD to extend USD 100 mn for covid-hit SMEs through Banque Misr: The European Bank for Reconstruction and Development (EBRD) has approved a USD 100 mn facility to state-owned Banque Misr for on-lending to SMEs impacted by covid-19, International Cooperation Minister Rania Al Mashat said. The EBRD has recently issued equivalent loans to CIB and the National Bank of Kuwait Egypt to shore up liquidity in the private sector, as well as a total of USD 200 mn to the National Bank of Egypt.