The French Government authorized AFD’s intervention  in Egypt in 2004. The Agency started project identifications in 2005. In April 2006, AFD and the Ministry of International Cooperation signed an Framework Agreement, approved by Presidential Decree and ratified by the Parliament; the agreement entered into force in February 2007. Photo © Ed Yourdon



€ 30 million SME credit line to NBE

The board of AFD approved on December 16th 2009 a concessional loan of € 30 million to National Bank of Egypt (NBE), the most important public bank of Egypt. This loan will be used to finance the development of SMEs in Egypt (mesofinance). This project will contribute to the first objective of the Country Strategy of AFD in Egypt for the period 2009-2011. The first objective of the Strategy is to promote the development of a modern, competitive private sector, by supporting private initiative and SMEs. Promoting access to credit for SMEs will contribute to creating jobs, through investment, and to reducing poverty. >> More about this project



AFD and PROPARCO in MED-ALLIA Forum in Cairo

AFD and PROPARCO presented their activities in Egypt to Mrs. Anne-Marie Idrac, French Secretary of State in charge of Foreign Trade, and to M. Rachid Mohamed Rachid, Egyptian Minister of Foreign Trade and Industry, during the inauguration of Med-Allia, on December 7th 2009.  >> Read more



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