CORPORATE GOVERNANCE

EBRD Vice President Pilloux Visits Egypt

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By Nibal Zgheib

The EBRD’s Vice President of Banking, Alain Pilloux, is visiting Egypt from 17 to 20 October for high-level meetings with government officials to discuss the upcoming country strategy, meet the business community and sign projects.

During his visit, Mr Pilloux will meet Prime Minister Mostafa Madbouly, Minister of International Cooperation and EBRD Governor, Rania Al-Mashat, Minister of Electricity and Renewable Energy, Mohamed Shaker, Minister of Transport, Kamel El Wazir, Minister of Planning and Economic Development, Hala Elsaid and Minister of Environment Yasmine Fouad.

Vice President Pilloux will also meet Mohamed Farid, Chairman of the Egyptian Stock Exchange, representatives of the business community, and EBRD clients.

The EBRD delegation includes EBRD Managing Director for the southern and eastern Mediterranean region Heike Harmgart, Managing Director for Financial Institutions Francis Malige, and Deputy Head for Egypt, Khalid Hamza. 

Ahead of the visit, Mr Pilloux said: “This visit demonstrates our continued support for the Egyptian economy and our commitment to the development of the private sector. I look forward to the discussions on our new country strategy that is under preparation and on how we can work together even more closely and effectively to achieve sustainable and inclusive economic growth.”

Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the Bank has invested more than €8 billion in 136 projects in the country.

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