Back to the complete issue
Thursday, 4 June 2020

Egypt could be getting a piece of EUR 670 mn covid-19 regional support package from EIB

Egypt could be getting a piece of EUR 670 mn worth of covid-19 support from EIB: The European Investment Bank could lend public health authorities in Egypt and some of its developing neighbors a combined EUR 670 mn to help combat the pandemic, according to the bank’s project pipeline. The potential program — which also covers Jordan, Tunisia, Morocco, Moldova, Uzbekistan, and Belarus — aims to improve hospital provisions, ICU and testing capabilities, and support civil protection and prevention measures. Proceeds would also be used to support the medium-term capacity to co-exist with the pandemic. The European Union last month doled out EUR 89 mn to Egypt’s healthcare sector as part of a similar EUR 1.5 bn health aid program.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.