EBRD Vice President visits Jordan
The EBRD’s Vice President for Banking, Matteo Patrone, is visiting Jordan on 21 April to meet senior government officials and clients from the public and private sectors, reiterating the Bank’s unwavering commitment to supporting the Jordanian economy during this highly challenging period for the Middle East.
President Patrone will see the Jordanian Prime Minister, Jafar Hassan, and will meet the Minister of Planning and International Cooperation and EBRD Governor, Zeina Toukan, the Minister of Water, Raed M. Abu Soud, the Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, and Managing Director of NEPCO Sofian Al-Bataineh,
During his visit, he will sign two memoranda of understanding aimed at strengthening energy and water security in Jordan.
He will also hold roundtable discussions with representatives of the business community to obtain first-hand information about their immediate priorities and how the Bank can provide targeted support.
Ahead of his visit, Vice President Patrone said: “This visit underscores the strategic importance of Jordan and our steadfast commitment to backing its economy and key sectors amid growing instability in the region. Our thoughts are with all communities affected by the conflict in the region. We sincerely hope for a lasting ceasefire that can pave the way for diplomacy, stability and recovery.”
Earlier this month, the EBRD launched a regional conflict response package. The Bank is aiming to deploy €5 billion in 2026 to support economies that are directly affected by the war in the Middle East, including Iraq, Jordan, Lebanon and the West Bank and Gaza, as well as a group of neighbouring countries including Egypt, Türkiye, Armenia and Azerbaijan.
Since it began operating in Jordan in 2012, the EBRD has provided more than €2.2 billion of financing through 84 projects, supporting the energy sector, critical infrastructure, the banking sector and companies of all sizes, with 73 per cent of those funds going to the private sector. In 2025, the Bank more than doubled the number of new projects in the country relative to 2024 and delivered over €200 million (largely to the private sector) while also mobilising close to €110 million of funding from other parties.
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EBRD, EU and Fawry support young entrepreneurs in Egypt
27.04.2026.16:58
The European Bank for Reconstruction and Development (EBRD) is supporting youth-led micro, small and medium-sized enterprises (MSMEs) in Egypt by providing a loan of up to EGP 250 million (€4.4 million) to Fawry MSME Finance, one of the country’s largest microfinance institutions.
The EBRD Youth in Business credit line will be channelled to local private MSMEs that are led or majority owned by entrepreneurs under the age of 35, and will focus on rural areas. First-loss risk cover of up to 10 per cent will complement the credit line, while the young sub-borrowers will benefit from investment grants in the form of cash incentives, funded by the European Union (EU), of up to 10 per cent of the loan amount.
A technical cooperation package funded by the EBRD will assist Fawry MSME Finance with programme implementation, capacity-building, and training in gender-responsive lending, as well as tailored advisory support to advance the company’s digital transformation.
In addition, the EBRD Advice for Small Businesses programme, which is funded by the EBRD and the Small Business Impact Fund, will provide non-financial support to the youth-led MSMEs.
Commenting on the project, Mark Davis, EBRD Managing Director for the Southern and Eastern Mediterranean region, said: “This is our first partnership with Fawry, a digital leader in Egypt, and marks the start of a new cooperation to support local micro, small and medium-sized enterprises led or owned by young entrepreneurs, an essential step in helping the Egyptian economy to absorb the growing number of financially underserved young people entering the labour market and to expand their economic opportunities.”
Fawry’s CEO and founder Ashraf Sabry said: “We are proud to launch this collaboration with the EBRD through this financing agreement, which will allow us to broaden our range of financial services for young Egyptian micro-borrowers. We extend our gratitude to the EBRD and the European Union for their support and meaningful contribution.”
The EBRD’s Youth in Business programme, supported by the EU, enables young entrepreneurs to access vital financing and technical assistance to grow their small businesses through dedicated credit lines on-lent by banks and microfinance institutions. The credit lines are complemented by technical assistance, helping partner banks to strengthen their lending capacity. The blended financial support from the EU enables the intended borrowers to access finance at more affordable rates.
Fawry MSME Finance is a pioneering digital-finance microlender established in 2018 by Fawry, Egypt’s leading fully integrated fintech platform founded in 2008 and listed on the Egyptian Exchange (EGX) since 2019.
Egypt is a founding member of the EBRD, which has invested more than €14.6 billion in the country across 225 projects since it began operating there in 2012.
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