Min. to Parl’t: Gov’t conducts clear feasibility study before activating loans

International Cooperation Minister Sahar Nasr asserted on Sunday that the government conducts thorough feasibility studies before activating any loan.

Speaking before the Economic Affairs Committee at the Parliament about her Ministry’s policy on signing international agreements, Nasr said the process is made in collaboration with the executive body, the Central Bank and the Finance Ministry.

The international cooperation ministry is responsible for providing the necessary funding in case of any financing gap arising from the current budget deficit, she noted. 

The Ministry gives high priority to small and medium-sized enterprises, she added. 

Asked about following up loans of each ministry, Nasr underlined the evaluation is based on the ratio of loan disbursement and how each ministry could make good use of its resources and maximize the local component.