The European Bank for Reconstruction and Development has approved concessional development financing worth more than $532 million for private sector institutions in Egypt, as this comes as a continuation of the efforts made through international partnerships to empower the private sector in Egypt and to provide concessional development financing through multilateral and bilateral development partners to meet development priorities. And in implementation of the axes of the country strategy between the Arab Republic of Egypt and the European Bank for Reconstruction and Development (2022-2027).