São Paulo – The European Bank for Reconstruction and Development (EBRD) approved a USD 11 million loan to the Egyptian petrochemical industry. The move was announced this Friday (12) by the Egyptian minister of Investment and International Cooperation, Sahar Nasr.
The news was made public by the Middle East News Agency (Mena). The funds will be provided to petrochemicals manufacturer Carbon Holdings, and it was enabled by the efforts of the Ministry of Investment and International Cooperation to support the private sector via international financial institutions.
*Translated by Gabriel Pomerancblum

