ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh

Egypt

Cabinet approves $200 mln grant deal signed between Egypt، WBG

Wednesday 29/May/2019 - 02:36 PM
Egypts Prime Minister
Egypts Prime Minister Dr. Moustafa Madbouli
Hassnein Tayea
The Egyptian Cabinet approved Wednesday the president of the Republic’s decision over the grant deal worth $200 million signed with the World Bank Group in May 2019.

The WBG’s project، called Catalyzing Entrepreneurship for Job Creation، aims to increase the volume of loans granted for Small and Medium Enterprises (SMEs).

The project relies on the “Promoting Innovation for Inclusive Financial Access ” project that expanded access to finance for micro and small enterprises (MSE) and created 300،000 job opportunities.

Egypt and WB cooperate in setting up projects which focus on boosting the social protection and inclusion of all citizens، improving competitiveness and infrastructure in less developed regions، and developing digital development strategy to prepare youth for future jobs، the investment minister said.


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