Egyptian SMEs Receive World Bank $200 Million Support Fund

The World Bank has agreed to launch a USD 200 million support fund for small and medium-sized enterprises in Egypt, the country's Ministry of Investment said on Saturday.

This came amid talks between the visiting World Bank President David Malpass and Egypt's Minister of Investment and International Cooperation Sahar Nasr.

The support comes amid the World Bank's aim to provide more opportunities for young Egyptians by increasing the size of credit available to these companies, which represent a fundamental source of growth and job creation.

{"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-4…","video_id":"407139c7-debb-44ae-b512-f10e9989bb1b","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"10 Most Stable Arab Countries"}