Get the free weekly contract digest
The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.
New new contracts, summarized for you
No login, no app to check — it comes to you
See who's moving and how much in your market
IFC Extends Partnership with CIB to Strengthen Egypt’s Financial Sector and Small Businesses
Contract Type
partnership
EgyptFinancial ServicesFinanceLendingBankingDescription
IFC has announced a financing package for Egypt's leading private sector bank, CIB, to strengthen the bank's capital position and help it deliver on its commitment to support micro, small, and medium-sized enterprises (MSMEs) in the country, including women-owned MSMEs. The $150 million loan for CIB will strengthen the country's financial sector amid challenging macroeconomic conditions, fostering job creation, boosting economic development, and reducing the gender financing gap in Egypt.