Tag Archives: EBRD

EBRD supports high-potential start-ups in Lebanon

EBRD supports high-potential start-ups in Lebanon

Lebanon is the latest economy in the southern and eastern Mediterranean region (SEMED) to join the European Bank for Reconstruction and Development’s (EBRD) Star Venture programme. The initiative provides innovative start-ups with tailored advisory services to unleash their potential. In Lebanon, the programme is supported by the Republic of Korea through the EBRD’s Small Business

Jordan boosts tourism sector with launch of skills council EBRD supports initiative to unlock key sector for economic recovery

In a major step to boost the tourism and hospitality sector in Jordan, the country’s first Sector Skills Council for Tourism and Hospitality has been lauched today, with the support of the European Bank for Reconstruction and Development (EBRD). The council will play an important role in the reform of technical and vocational education and

EBRD boosts lending to Tunisian small businesses

The European Bank for Reconstruction and Development (EBRD) is responding to the impact of the coronavirus pandemic on the Tunisian economy with a €5 million loan to Compagnie Internationale de Leasing (CIL) for on-lending to local private businesses. The EBRD loan will help CIL to increase much-needed funding for local micro, small and medium-sized enterprises (MSMEs) that are experiencing a decrease

EBRD boosts investment in Morocco in H1/20

Investments by the European Bank for Reconstruction and Development (EBRD) in Morocco rose close to €300 million in the first half of 2020 compared to more than €110 million in 2019  as the Bank responded rapidly to the liquidity needs of the country grappling with the impact of the coronavirus. EBRD rolled out its first project under

EBRD backs Egypt’s largest local currency bond issuance

The European Bank for Reconstruction and Development (EBRD) is supporting Egypt’s New Urban Communities Authority (NUCA) in its plans to diversify funding sources by tapping the debt capital market with an investment of EGP 1.5 billion (€86.5 million) in the latest EGP 10 billion bond issuance by El Taamir, the securitisation special purpose company of NUCA. The Bank’s

EBRD first risk participation in the southern and eastern Mediterranean region

For the first time in the SEMED region, the EBRD is co-financing a transaction under the Risk Sharing Framework (RSF) in support of the private sector in Jordan, helping to increase much-needed access to finance during the current economic crisis caused by the Covid-19 pandemic. Under its Risk Sharing Framework, the EBRD is providing an unfunded guarantee of

EBRD approves membership of Algeria

The shareholders of the European Bank for Reconstruction and Development (EBRD) have approved an application by Algeria to become a member of the multilateral financial institution. The Algerian authorities made a request for membership in March with a view to becoming a recipient of EBRD finance and advisory services.  The Bank’s Board of Governors has

EBRD helps Jordan’s tourism sector recover

Training for 20,000 hospitality employees to boost vital economic sector More than 20,000 employees in Jordan’s critical tourism industry are to benefit from extra training provided under a programme launched by the European Bank for Reconstruction and Development (EBRD), the Ministry of Tourism and Antiquities (MOTA) and the Sector Skills Council for Hospitality and Tourism (SSC). Jordan’s tourism and

EBRD and Coronavirus Pandemic: Response and Recovery

The EBRD is stepping up support for the economies where it invests in the face of the coronavirus pandemic and now stands ready to provide support worth €21 billion over the 2020-21 period. The Bank has approved a comprehensive set of response and recovery measures including the following five components: Resilience Framework The EBRD is

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