Egypt overview

Egypt cityscape at night

In Egypt we focus on:

  • Supporting the competitiveness of Egypt’s private sector through stronger value chains, improved access to access to finance for small and medium-sized enterprises (SMEs), better economic integration and increased opportunities for women and young people.
     
  • Improving the quality and sustainability of Egypt’s public utilities through private sector participation. Egypt suffers from a low quality of service provision and ageing infrastructure. The EBRD will help develop a more efficient power sector and promote gas market reforms contributing to the country’s energy security. The EBRD will also finance the modernisation of municipal infrastructure and promote the participation of the private sector within it.
     
  • Egypt’s Green Economy Transition. The EBRD will support Egypt’s efforts in diversifying its energy mix by financing renewable energy projects and energy efficiency investments across sectors, including energy efficiency credit lines for SMEs. The Bank will also seek to improve water efficiency through modernising water supply and waste water management. These investments will be complemented by policy dialogue.
     
  • Strengthening governance. In close cooperation with international financial institutions, the EBRD will contribute to improving governance in the public and private sector. The Bank will also provide capacity building for relevant institutions to improve competition, promote investment and policy delivery

Egypt became an EBRD recipient country on 30 October 2015

The EBRD's latest Egypt strategy was adopted on 8 February 2017

Current EBRD forecast for Egypt’s Real GDP Growth in 2018: 5.3%

Current EBRD forecast for Egypt’s Real GDP Growth in 2019: 5.5%

In Egypt, growth continued to accelerate to reach 5.3 per cent in FY2017/18, the highest rate in a decade, amid still-high inflation, which exceeded 20 per cent on average. Continuing the trend which had started in FY2016/17, net exports and investment were the main drivers of growth, benefitting from gains in competitiveness and confidence. The non-oil private sector is showing early signs of recovery, as indicated by a rise in the purchasing managers index (PMI).

A modest pick-up in growth to 5.5 per cent is expected in FY2018/19 supported by a number of factors. These include the continued boost in confidence, recovery in tourism, increase in foreign direct investment, improved competitiveness, continued strengthening of exports, the start of natural gas production from the Zohr field, the implementation of business environment reforms and prudent macroeconomic policies.

EGYPT IN THE EBRD'S 2018-19 TRANSITION REPORT