Egypt’s private sector received US$ 5 billion from development partners in 2 years, minister ...Egypt

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Egypt’s private sector received US$ 5 billion from development partners in 2 years, minister
source : EGYPT INDEPENDENT ( Egypt ) () 6
Egyptian Minister of International Cooperation Rania al-Mashat announced Saturday that the development financing agreements obtained by the private sector from multilateral and bilateral development partners during 2020 and 2021 amount to about US$ 5 billion. Mashat explained that these agreements include direct financing for private sector companies or indirectly through credit lines that are re-lending to small and medium-sized companies. Her statements came during a session held on enhancing flexibility and sustainability through financial technology solutions after the coronavirus, as part of the activities of the annual meetings of the Islamic Development Bank held in Sharm el-Sheikh. S

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