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CDP and Alexandria Bank agree on micro-agri loan support
Alexandria Bank, in collaboration with the Italian Deposit and Loan Fund (CDP), has signed a guarantee agreement on loan portfolios valued at 21 million euros to finance very small agricultural projects in Egypt. The goal is to promote funding for small farmers and improve their resilience. This initiative is part of the "TERRA" program, supported by the European Union, which aims to strengthen sustainable food and agricultural systems, reduce risks, and achieve sustainable economic development in Egypt and the Mediterranean region overall. This partnership helps expand access to finance, supports inclusive agricultural development, enhances resilience to climate change, and fosters cooperation between Italy and Egypt within European sustainable initiatives.
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