EBRD Grants US$800mn to Egypt’s SMEs in 3 Years

The total finance provided by European Bank for Reconstruction and Development (EBRD) in order to support Small and Medium Enterprises (SMEs) projects estimated at US$800 million within the last 3 years, Soha Soliman Secretary General of Social Fund for Development (SFD) said.

EBRD succeeded in establishing the first representative office in Cairo in 2012 and the cooperation with Social Fund for Development (SFD) despite the deterioration of the political and economic conditions after the January uprising, Soliman added.

SFD seeks to be social network integration since its inception in 1991 so as to achieve high growth rates and provide job opportunities.