EBRD Board Directors visit Egypt

By Nibal Zgheib

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A delegation from the EBRD's Board of Directors will begin a visit to Egypt on Monday. The four day-visit will provide shareholder representatives with the opportunity to meet with government representatives as well as member of the business community and civil society organisations.

The visit is part of a regular series of consultations that enable EBRD Directors to better understand the priorities for the local economy and to maintain close dialogue with the authorities and the private sector.

Representatives from the Board of Directors include:

Philip Barresi, representing Australia, Egypt, Korea, New Zealand

Scott Allen, representing United States of America

Dragos Andrei, representing Romania, Turkey, Azerbaijan, Kyrgyz Republic

Pablo Gasos, representing Spain and Mexico

Laszlo Havas, representing Hungary, Czech Republic, Slovak Republic, Croatia, Georgia

Yosuke Kawakami, representing  Japan

Klaus Stein, representing Germany

Andris Vilks, representing the European Investment Bank

Frans Weekers, representing the Netherlands, Mongolia, FYR Macedonia, Armenia

Claire Wren, representing the United Kingdom.

The Board Directors will be accompanied by Hildegard Gacek, EBRD Managing Director for the southern and eastern Mediterranean (SEMED) region, and Philip ter Woort, EBRD Director for Egypt. Dr Sahar Nasr, Minister of International Cooperation and EBRD Governor, will join the delegation for the meeting with Prime Minister Sherif Ismail.

The EBRD Board Directors will also have meetings with Tarek Qabil Abdel Aziz, Minister of Trade and Industry, Dr Mohamed Shaker, Minister of Electricity, Dr Amr Garhy, Minister of Finance, the Chairs of the Parliamentarian Committees, as well as  Tarek Amer, the Governor of the Central Bank of Egypt, and Medhat Shousha, the Chairman of the Egyptian National Railways.

The four-day visit to Egypt will also include meetings with private sector representatives and associations, partner banks, international financial institutions and civil society.

In addition, the delegation will visit Juhayna, the largest dairy producer in Egypt and a project financed by the EBRD as well as two companies which have participated in the EBRD Women in Business programme, Dallah Misr Company and Special Food International. The Board Directors will also visit Green Pack, a small enterprise that received technical support from the Bank’s Business Advisory team.

Since the start of its operations in 2012, the Bank has invested nearly €2 billion in 36 projects across key sectors including power and renewable energy, agribusiness and manufacturing, transport and municipal services, as well as cross-cutting areas such as energy efficiency and support for women in business.

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