| 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. |
