29
Egypt’s Investment Minister Sahar Nasr and World Bank’s new President David Malpass met with 30 women who obtained loans for micro-sized projects in the Upper Egypt governorate of Aswan.
The Executive Director of the Micro, Small and Medium Enterprises Development Agency (MSMEDA) Niveen Gamea hailed the World Bank’s support for small and medium sized ventures.
Gamea said the World Bank pumped dlrs 800 million in support of the MSMEDA to secure needed finance for small and micro projects.
Nasr said the ministry’s top priority is buttressing micro projects in particular because they secure jobs for women.
She said about 80 percent of micro-sized finance went to women.
Source: MENA
