SFD Egypt in Talks with World Bank over New Loan

Egypt’s Social Fund for Development (SFD) is holding talks with the World Bank Group, aiming to obtain a new financing package worth US$300 million, the fund’s secretary general Soha Soliman told Amwal Al Ghad Saturday.

Soliman noted that the targeted financing package would go for financing small and labour intensive projects.

The World Bank Group’s financing programme has served more than 130.000 small and micro-sized projects, to contribute to providing considerable investment opportunities for the country’s private sector and creating thousands of job vacancies for youth.