A total of one-third of the funding will be allocated to women-led small- and medium-sized enterprises (WSMEs).

As part of the agreement, microbusinesses will have access to long-term financing at a competitive interest rate.

The agreement provides additional support to initiatives unveiled by the Egyptian Government and the Central Bank of Egypt (CBE) to boost the micro, small and medium sized enterprise (MSME) sector. The sector is widely regarded as the backbone of the country’s economy.

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