{"id":573676,"date":"2020-08-13T04:06:36","date_gmt":"2020-08-13T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/ebrd-extends-further-usd-100-mn-for-trade-facilitation-in-egypt\/"},"modified":"2020-08-13T04:06:36","modified_gmt":"2020-08-13T04:06:36","slug":"ebrd-extends-further-usd-100-mn-for-trade-facilitation-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/ebrd-extends-further-usd-100-mn-for-trade-facilitation-in-egypt\/","title":{"rendered":"EBRD extends further USD 100 mn for trade facilitation in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>DEBT WATCH- EBRD extends another USD 100 mn for trade finance through <\/strong><strong>Banque Misr:<\/strong> The European Bank for Reconstruction and Development (EBRD) has approved another USD 100 mn facility to increase an existing trade finance limit to state-owned Banque Misr to help meet increased demand for import and export transactions, a bank <a href=\"https:\/\/www.ebrd.com\/news\/2020\/ebrd-fosters-private-businesses-in-egypt-.html\">statement<\/a> said on Wednesday. This brings the total provided by the EBRD to Banque Misr this week to USD 200 mn following the agreement of another <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47c1d520-4e9e-4425-86cb-d8fdb1683281\">USD 100 mn facility<\/a> for on-lending to SMEs impacted by covid-19. The agreement announced yesterday comes under the bank\u2019s <a href=\"https:\/\/www.ebrd.com\/work-with-us\/trade-facilitation-programme.html\">Trade Facilitation Programme<\/a>, which aims to boost foreign trade between EBRD countries by underwriting international trade transactions made by banks. The EBRD has recently issued equivalent loans to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ce8b015-043d-498c-afcb-0ded43f1d936\">CIB<\/a> and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee52a50c-c525-4942-97b6-3170200b84e8\">National Bank of Kuwait Egypt<\/a> to shore up liquidity in the private sector, as well as USD 200 mn to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70574496-3047-46f1-a8ab-f3aecc40d36b\">National Bank of Egypt<\/a> for SME on-lending and trade finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and Development (EBRD) has approved another USD 100 mn facility to increase an existing trade finance limit to state-owned Banque Misr to help meet increased demand for import and export transactions, a bank statement said on [&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":[8572],"tags":[576,240,107,571,72,248,5675,287,2380,5679],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573676","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banque-misr","tag-cib","tag-covid-19","tag-ebrd","tag-enterpriseam","tag-national-bank-of-egypt","tag-national-bank-of-kuwait-egypt","tag-smes","tag-speed-round","tag-trade-facilitation-programme","wpautop","entry"],"acf":{"mongo_id":"790499c1-56d6-474b-b803-d90a3299ec8b","is_powered_by":true,"section_story_id":"0fe4f6bd-8bf6-4120-8fbd-63220c888e2f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573670],"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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