CAIRO, May 5 (Xinhua) -- Egypt's Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Monday that the European Bank for Reconstruction and Development (EBRD) has invested more than 13.8 billion euros (15.62 billion U.S. dollars) in the Egyptian economy since 2012, with the bulk directed toward the private sector.
Speaking during a meeting in Cairo with EBRD President Odile Renaud-Basso, Al-Mashat said over 86 percent of the bank's investments were channelled to private enterprises, underscoring what she described as its growing confidence in Egypt's economic prospects.
