{"id":104324,"date":"2024-11-24T23:11:39","date_gmt":"2024-11-24T21:11:39","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=104324"},"modified":"2024-11-24T23:11:46","modified_gmt":"2024-11-24T21:11:46","slug":"ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/","title":{"rendered":"IFC’s $150 m loan for CIB to support MSMEs in Egypt"},"content":{"rendered":"\n

<\/p>\n\n\n\n

IFC announced a financing package for Egypt’s leading private sector bank, CIB<\/a>, 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.<\/p>\n\n\n\n

IFC’s $150 million loan for CIB will strengthen the country’s financial sector amid challenging macroeconomic conditions. This partnership will foster job creation, boost economic development, and help reduce the gender financing gap in Egypt.<\/p>\n\n\n\n

While MSMEs comprise 98% of Egyptian businesses and contribute to more than 40% of the country’s GDP, they face substantial funding constraints – which significantly limit their growth potential and hinders their ability to fully realize their economic contributions.<\/p>\n\n\n\n

Commenting on the transaction, Hisham Ezz-Al Arab, Chief Executive Officer (CEO) & Executive Board Member at CIB<\/a>, said “We are pleased to announce the extension of our partnership with the IFC, a significant step that will strengthen Egypt’s financial sector and will support our capital base, allowing us to provide more support to small and medium enterprises. This partnership reflects IFC’s belief in CIB’s commitment to fostering innovation, improving accessibility in finance, empowering entrepreneurs, and driving sustainable economic growth. Together, we are building a resilient ecosystem that enables small businesses to thrive and contribute to the prosperity of our nation.”<\/p>\n\n\n\n

“A strong financial sector is essential for Egypt’s economic development,” said S\u00e9rgio Pimenta, IFC’s Vice President for Africa. “By boosting CIB’s capital position, IFC is helping unlock opportunities for businesses, supporting job creation, and improving the livelihoods of Egyptians.”<\/p>\n\n\n\n

IFC has a long-standing strategic partnership with CIB, helping issue Egypt’s first private sector green bond in 2021 \u2013 which supported climate adaptation, management systems, energy efficiency, green building projects, and developing and implementing its robust climate risk management framework in 2023.<\/p>\n\n\n\n

The financing announced today aligns with the World Bank Group’s Country Partnership Framework (CPF) for Egypt, which seeks to support more and better private sector jobs. It also aligns with the Global Small and Medium Enterprises Finance Facility (GSMEF). This IFC initiative aims to accelerate financial inclusion and reduce the financing gap faced by underserved SMEs.<\/p>\n","protected":false},"excerpt":{"rendered":"

IFC 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. IFC’s $150 million loan for CIB will strengthen the country’s financial sector amid challenging macroeconomic conditions. […]<\/p>\n","protected":false},"author":410,"featured_media":104325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,13332],"tags":[6281,6463,9098,15319],"yoast_head":"\nIFC's $150 m loan for CIB to support MSMEs in Egypt - Csr Egypt<\/title>\n<meta name=\"description\" content=\"IFC announced a financing package for Egypt's CIB, to strengthen the bank's capital position and help it deliver on its commitment to support (MSMEs)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC's $150 m loan for CIB to support MSMEs in Egypt - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"IFC announced a financing package for Egypt's CIB, to strengthen the bank's capital position and help it deliver on its commitment to support (MSMEs)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-24T21:11:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-24T21:11:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"IFC’s $150 m loan for CIB to support MSMEs in Egypt\",\"datePublished\":\"2024-11-24T21:11:39+00:00\",\"dateModified\":\"2024-11-24T21:11:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\"},\"wordCount\":368,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg\",\"keywords\":[\"CIB\",\"egypt\",\"IFC\",\"MSMEs\"],\"articleSection\":[\"news\",\"The New Republic\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\",\"url\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\",\"name\":\"IFC's $150 m loan for CIB to support MSMEs in Egypt - Csr Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg\",\"datePublished\":\"2024-11-24T21:11:39+00:00\",\"dateModified\":\"2024-11-24T21:11:46+00:00\",\"description\":\"IFC announced a financing package for Egypt's CIB, to strengthen the bank's capital position and help it deliver on its commitment to support (MSMEs)\",\"breadcrumb\":{\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage\",\"url\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg\",\"contentUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg\",\"width\":1400,\"height\":600,\"caption\":\"IFC's $150 m loan for CIB to support MSMEs in Egypt\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/csregypt.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IFC’s $150 m loan for CIB to support MSMEs in Egypt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/csregypt.com\/#website\",\"url\":\"https:\/\/csregypt.com\/\",\"name\":\"\u0633\u064a \u0625\u0633 \u0622\u0631 \u0645\u0635\u0631\",\"description\":\"The first portal for CSR in Egypt and Middle East\",\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/csregypt.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/csregypt.com\/#organization\",\"name\":\"CSR\",\"url\":\"https:\/\/csregypt.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png\",\"contentUrl\":\"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png\",\"width\":1080,\"height\":1080,\"caption\":\"CSR\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/csregypt\/\",\"https:\/\/x.com\/egyptcsrforum\",\"https:\/\/www.instagram.com\/csr.egypt\/\",\"https:\/\/www.linkedin.com\/in\/csr-egypt-43381ab5\/\",\"https:\/\/www.pinterest.com.au\/csregypt\/\",\"https:\/\/www.youtube.com\/channel\/UCh21PZpnBj2yjj2PeclXz1g\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\",\"name\":\"Marwa Zein\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g\",\"caption\":\"Marwa Zein\"},\"sameAs\":[\"http:\/\/marwazein1982@gmail.com\"],\"url\":\"https:\/\/csregypt.com\/en\/author\/marwa-zein\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IFC's $150 m loan for CIB to support MSMEs in Egypt - Csr Egypt","description":"IFC announced a financing package for Egypt's CIB, to strengthen the bank's capital position and help it deliver on its commitment to support (MSMEs)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/","og_locale":"en_US","og_type":"article","og_title":"IFC's $150 m loan for CIB to support MSMEs in Egypt - Csr Egypt","og_description":"IFC announced a financing package for Egypt's CIB, to strengthen the bank's capital position and help it deliver on its commitment to support (MSMEs)","og_url":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/","og_site_name":"Csr Egypt","article_publisher":"https:\/\/www.facebook.com\/csregypt\/","article_published_time":"2024-11-24T21:11:39+00:00","article_modified_time":"2024-11-24T21:11:46+00:00","og_image":[{"width":1400,"height":600,"url":"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg","type":"image\/jpeg"}],"author":"Marwa Zein","twitter_card":"summary_large_image","twitter_creator":"@egyptcsrforum","twitter_site":"@egyptcsrforum","twitter_misc":{"Written by":"Marwa Zein","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#article","isPartOf":{"@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/"},"author":{"name":"Marwa Zein","@id":"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec"},"headline":"IFC’s $150 m loan for CIB to support MSMEs in Egypt","datePublished":"2024-11-24T21:11:39+00:00","dateModified":"2024-11-24T21:11:46+00:00","mainEntityOfPage":{"@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/"},"wordCount":368,"commentCount":0,"publisher":{"@id":"https:\/\/csregypt.com\/#organization"},"image":{"@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg","keywords":["CIB","egypt","IFC","MSMEs"],"articleSection":["news","The New Republic"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/","url":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/","name":"IFC's $150 m loan for CIB to support MSMEs in Egypt - Csr Egypt","isPartOf":{"@id":"https:\/\/csregypt.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage"},"image":{"@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg","datePublished":"2024-11-24T21:11:39+00:00","dateModified":"2024-11-24T21:11:46+00:00","description":"IFC announced a financing package for Egypt's CIB, to strengthen the bank's capital position and help it deliver on its commitment to support (MSMEs)","breadcrumb":{"@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#primaryimage","url":"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg","contentUrl":"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg","width":1400,"height":600,"caption":"IFC's $150 m loan for CIB to support MSMEs in Egypt"},{"@type":"BreadcrumbList","@id":"https:\/\/csregypt.com\/en\/ifcs-150-m-loan-for-cib-to-support-msmes-in-egypt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/csregypt.com\/"},{"@type":"ListItem","position":2,"name":"IFC’s $150 m loan for CIB to support MSMEs in Egypt"}]},{"@type":"WebSite","@id":"https:\/\/csregypt.com\/#website","url":"https:\/\/csregypt.com\/","name":"\u0633\u064a \u0625\u0633 \u0622\u0631 \u0645\u0635\u0631","description":"The first portal for CSR in Egypt and Middle East","publisher":{"@id":"https:\/\/csregypt.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/csregypt.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/csregypt.com\/#organization","name":"CSR","url":"https:\/\/csregypt.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/csregypt.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png","contentUrl":"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png","width":1080,"height":1080,"caption":"CSR"},"image":{"@id":"https:\/\/csregypt.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/csregypt\/","https:\/\/x.com\/egyptcsrforum","https:\/\/www.instagram.com\/csr.egypt\/","https:\/\/www.linkedin.com\/in\/csr-egypt-43381ab5\/","https:\/\/www.pinterest.com.au\/csregypt\/","https:\/\/www.youtube.com\/channel\/UCh21PZpnBj2yjj2PeclXz1g"]},{"@type":"Person","@id":"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec","name":"Marwa Zein","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/csregypt.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g","caption":"Marwa Zein"},"sameAs":["http:\/\/marwazein1982@gmail.com"],"url":"https:\/\/csregypt.com\/en\/author\/marwa-zein\/"}]}},"jetpack_featured_media_url":"https:\/\/csregypt.com\/wp-content\/uploads\/2024\/11\/ifc-cib-postcard_1400x600.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts\/104324"}],"collection":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/users\/410"}],"replies":[{"embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/comments?post=104324"}],"version-history":[{"count":1,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts\/104324\/revisions"}],"predecessor-version":[{"id":104327,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts\/104324\/revisions\/104327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/media\/104325"}],"wp:attachment":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/media?parent=104324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/categories?post=104324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/tags?post=104324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}