{"id":566713,"date":"2021-07-08T13:24:03","date_gmt":"2021-07-08T13:24:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/ebrd-launches-usd-120-mn-youth-in-business-program-provides-nbe-with-usd-20-mn-credit-facility-for-sme-lending\/"},"modified":"2021-07-08T13:24:03","modified_gmt":"2021-07-08T13:24:03","slug":"ebrd-launches-usd-120-mn-youth-in-business-program-provides-nbe-with-usd-20-mn-credit-facility-for-sme-lending","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/ebrd-launches-usd-120-mn-youth-in-business-program-provides-nbe-with-usd-20-mn-credit-facility-for-sme-lending\/","title":{"rendered":"EBRD launches USD 120 mn Youth in Business program, provides NBE with USD 20 mn credit facility for SME lending"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The European Bank for Reconstruction and Development (EBRD) is launching a USD 120<\/strong><strong> mn Youth in Business program<\/strong> that will offer young entrepreneur-led SMEs access to financing and technical assistance to offset youth unemployment and high emigration levels, according to a <a href=\"https:\/\/ent.news\/2021\/7\/EBRD-launches-Youth-in-Business-programme-and-pilot-Skills-in-Business-credit-facility-PR.pdf\">press release (pdf)<\/a>. \u201cLimited capital and gaps in know-how are among the biggest barriers standing in the way of young entrepreneurs\u2019 success,\u201d said Heike Harmgart, EBRD Managing Director for SEMED, adding that the program aims to build \u201ca stronger, fairer economy that works for all.\u201d<\/p>\n<p><strong>The pilot phase includes a USD 20 mn credit facility for the National Bank of Egypt (NBE)<\/strong>, to allow the state-owned bank to use for on-lending to SMEs. Other banks will also be eligible to receive financing through the USD 120 mn package. Partner banks and microfinance institutions will also be provided technical assistance to strengthen their lending capacity.<\/p>\n<p><strong>It\u2019s unclear how much individual SMEs could rake in from the program<\/strong>, but the release added that eligible businesses will also be given advisory support to attract, recruit, train and retain employees.<\/p>\n<p><strong>CATCH UP QUICK- <\/strong><\/p>\n<ul>\n<li><strong>Transport Minister Kamel El Wazir <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/173394444830984\">signed contracts with France\u2019s transportation<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/173394444830984\">operator RATP Dev<\/a><\/strong> for the management and operation of the light-rail train (LRT) that connects El Salam, the New Administrative Capital and 10th of Ramadan city, during his ongoing trip to France. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) is launching a USD 120 mn Youth in Business program that will offer young entrepreneur-led SMEs access to financing and technical assistance to offset youth unemployment and high emigration levels, according to a press release (pdf). \u201cLimited capital and gaps in know-how are among the biggest barriers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10154],"tags":[101,571,633,203,2015,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566713","post","type-post","status-publish","format-standard","hentry","category-speed-round-development-finance","tag-development-finance","tag-ebrd","tag-enterprisepm","tag-entrepreneurship","tag-heike-harmgart","tag-smes","wpautop","entry"],"acf":{"mongo_id":"c9bd719c-f740-4279-9b7a-eb3714228c64","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566704],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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She will take\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2717.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572306,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/ebrd-to-provide-cib-with-usd-100-mn-to-support-smes-impacted-by-covid-19\/","url_meta":{"origin":566713,"position":1},"title":"EBRD to provide CIB with USD 100 mn to support SMEs impacted by covid-19","author":"enterpriseam admin","date":"21 June 2020","format":false,"excerpt":"DEBT WATCH- EBRD to provide CIB with USD 100 mn to support SMEs impacted by covid-19: The European Bank for Reconstruction and Development (EBRD) will provide the Commercial International Bank (CIB) with a USD 100 mn loan for on-lending to shore up the liquidity positions of SMEs and corporations through\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/203.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574830,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/23\/ebrd-could-extend-usd-100-200-mn-to-two-egyptian-banks-for-sme-lending\/","url_meta":{"origin":566713,"position":2},"title":"EBRD could extend USD 100-200 mn to two Egyptian banks for SME lending","author":"enterpriseam admin","date":"23 September 2020","format":false,"excerpt":"DEBT WATCH- Banks could get another USD 100-200 mn from EBRD to on-lend to SMEs: The European Bank for Reconstruction and Development (EBRD) is in talks with two unnamed local banks to deploy USD 100-200 mn for on-lending to SMEs before the end of the year, associate director and deputy\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591790,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/ebrd-to-support-green-sme-projects-with-usd-150-mn-loan\/","url_meta":{"origin":566713,"position":3},"title":"EBRD to support green SME projects with USD 150 mn loan","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"EBRD to support SMEs with USD 150 mn loan: The National Bank of Egypt will be receiving a USD 150 mn loan from the European Bank for Reconstruction and Development (EBRD) to onlend to SMEs, the EBRD said in a statement. The proceeds will allow NBE to open a USD\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568514,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/banque-du-caire-could-receive-usd-50-mn-ebrd-loan-to-on-lend-to-small-businesses\/","url_meta":{"origin":566713,"position":4},"title":"Banque du Caire could receive USD 50 mn EBRD loan to on-lend to small businesses","author":"enterpriseam admin","date":"1 November 2020","format":false,"excerpt":"DEBT WATCH- BdC could be getting USD 50 mn EBRD loan to on-lend to small businesses: The European Bank for Reconstruction and Development (EBRD) could provide Banque du Caire with a loan of up to USD 50 mn to on-lend to private sector MSMEs, according to the bank\u2019s website. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/","url_meta":{"origin":566713,"position":5},"title":"More green lending, courtesy of the EBRD","author":"enterpriseam admin","date":"6 June 2021","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) will lend the National Bank of Egypt (NBE) USD 100 mn to on-lend to green projects, the EBRD said in a statement (pdf). The money will be used to help businesses make more efficient use of energy, water and land, as well\u2026","rel":"","context":"In &quot;SMEs&quot;","block_context":{"text":"SMEs","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/smes\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/72.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566713"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566713\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566704"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566713"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566713"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}