EBRD Board of Directors to visit Egypt

By Nibal Zgheib

Egypt cityscape at night

A delegation from the EBRD Board of Directors will begin a visit to Egypt on Monday for an update and eyewitness account of the latest developments in the country.

Board visits are part of a regular series of consultations by the Bank’s shareholders to hear about priorities for the local economy and to maintain a close dialogue with the authorities and the private sector.

The four-day visit will include meetings with Prime Minister Mostafa Madbouly, Minister of Investment and International Cooperation and EBRD Governor Sahar Nasr, Minister of Electricity and Renewable Energy Mohamed Shaker, Minister of Finance Mohamed Maait and Minister of Transport Kamel al-Wazir.

The EBRD Board Directors will also have meetings with business and diplomatic representatives as well as international partners and civil society organisations, and will visit projects financed by the Bank.

The EBRD Board will be represented by:

  • KyooHong Cho, Director for Korea, Australia, New Zealand and Egypt.
  • Gyorgy Barcza, Director for Hungary, the Slovak Republic, the Czech Republic, Croatia and Georgia
  • Felipe Martinez, Director for Spain and Mexico
  • Michael Offer, Director for Germany
  • Remigi Winzap, Director for Switzerland, Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro and Uzbekistan
  • Peter Basch, Alternate Director for the European Union 
  • Nathalie Dube, Alternate Director for Canada, Morocco, Jordan and Tunisia
  • Mart Kivine, Alternate Director for Sweden, Iceland and Estonia
  • Philip Lindsey, Alternate Director for Korea, Australia, New Zealand and Egypt
  • Jens Lundsgaard, Alternate Director for Ireland, Denmark, Kosovo and Lithuania.

Egypt is a founding member of the EBRD. Since the start of its operations in Egypt in 2012, the Bank has invested over €5 billion in 96 projects in the country. 2018 was a record year for the Bank in Egypt, when it was the largest EBRD country of operations in terms of new commitments.