| Project Detail |
Location: Egypt Project number: 55034 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 14 Dec 2023 Status: Pending Approval PSD disclosed: 12 Dec 2023 Provision of a senior unsecured loan to Arab Investment Bank (aiBANK) of up to USD 10 million under the Financial Intermediaries Framework for on-lending to eligible local private micro, small and medium-sized enterprises (MSMEs) operating across the agribusiness sector. Project Objectives The project will enable aiBANK to (i) increase the amount of financing available to eligible Egyptian private MSMEs operating across the agribusiness sector, including primary agriculture, agri equipment, logistics, service providers, agri processing and agri wholesalers and retailers and (ii) introduce climate-resilient investments and sustainable practices. |
