EBRD € 10 bn investment in 2019
In 2019, the EBRD invested € 10 billion on 452 projects. Morocco, Tunisia and Egypt. Egypt was the EBRD’s largest country of operations in 2019. The country received € 1.2 billion in commitments for twenty-six projects, compared to € 1.1 billion in 2018. The Berd notably lent € 183 million to the Egyptian Electricity Transmission Company to assist it in integrating 1.3 GW of renewable energy into the Egyptian electricity grid by connecting it to new renewable energy farms. Another major investment is the granting of $ 150 million (€ 134.6 million) to the National Bank of Egypt to help small businesses in their renewable energy and climate change projects. In Tunisia, € 177mn in eleven projects, including a € 45mn loan to the Société des transports de Tunis (Transtu) to improve commuter train services between Tunis and La Marsa. In 2019, the Berd invested € 10 billion on 452 projects (72% in the private sector and 40% in the green economy). Of which fifty-three projects in the South and East of the Mediterranean (Semed) for a total amount of € 1.8 bn. It plans to reach € 2 bn in 2020 with around fifty projects in the Semed region. In early December 2019, the Berd set up its third office in Morocco (€ 204 million invested in 14 projects in 2019), in Agadir.