World Bank allots $240m for micro, small projects in Egypt
Cairo - MENA
The World Bank has allocated $240 million to promote the ability of micro and small sized enterprises in Egypt to get sustainable and commercial funding, said Sahar Nasr, the Lead Economist in WB’s Finance and Private Sector Development Department of the Middle East and North Africa (MENA). The project is divided into two phases, the first is related to credit facilitation for micro-sized enterprises by NGOs and the second by banks, Nasr said in a statement on Friday. The project will be offering nearly 111,000 jobs, she said.
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