Egypt, World Bank Sign New Cooperation Agreement to Support SmesSource: www.export-egypt.com 5/7/2019, Location: Africa |
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 Egypt's Minister of Investment and International Cooperation Sahar Nasr said that cooperation between the World Bank and the Small and Medium Enterprises Development Authority has reached $1 billion following the signing of the latest agreement to support entrepreneurship and small and medium-scale enterprises.
A statement released by the ministry said that Egypt and the World Bank signed the agreement worth $200 million at the end of a visit to Egypt by president of the World Bank Group David Malpass. The agreement focuses on increasing the volume of available credit for small and medium-sized companies and enhancing access to it as well as encouraging entrepreneurship to create job opportunities and eliminating any obstacles facing youth and women with their startups, the minister said. |
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