EBRD President Suma Chakrabarti to visit Egypt

EBRD President Suma Chakrabarti will visit Egypt from 6 to 9 December 2018 for high-profile meetings and participation in the Business for Africa summit.

In Cairo President Chakrabarti will meet the President of Egypt, Abdel Fattah El Sisi, Prime Minister and Minister of Housing and Urban Development, Mostafa Madbouly, Minister of Finance, Mohamed Ahmed Maait and Minister of Electricity and Energy, Mohamed Shaker. He will also sign several projects and an agreement on the launch of the Bank’s economic inclusion policy dialogue in Egypt.

In Sharm el Sheikh, President Chakrabarti will speak at the Business for Africa summit on the Presidential Panel: “Bold Leadership and Collective Commitment - Advancing Intra-African Investments”. He will also take part in a panel on “Egypt as investment destination and gateway to Africa”.
Ahead of his mission the EBRD President said: “We welcome the goal of the Business for Africa summit, which is the promotion of greater economic integration through increased investment flows across Africa.”

He added: “The EBRD is committed to supporting Egypt in its reform effort. The Bank’s business in Egypt is growing steadily and integration is one of our priorities here and in the other economies where we work.

The EBRD delegation will include KyooHong Cho, EBRD Board Director for Egypt; Alain Pilloux, EBRD vice President for Banking, Janet Heckman, EBRD Managing Director, for the southern and eastern Mediterranean Region, and Catarina Bjorlin Hansen, EBRD Deputy Head for Egypt.

Since the start of its operations in Egypt in 2012 the EBRD has invested over €4.5 billion in 87 projects in the country. Egypt is part of the southern and eastern Mediterranean region, which is currently the fast-growing region of EBRD operations with more than €8.2 billion investments in over 196 projects in the first six years.