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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.

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