SFD Egypt eyes $500 million Loan from World Bank

Egypt’s Social Fund for Development (SFD) is looking forward to a new loan from the World Bank Group at value of US$500 million, the fund’s secretary-general Soha Soliman told Amwal Al Ghad Saturday.

Soliman stated that the targeted loan would go for financing al the small, micro-sized, and community development 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.