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EU-Egypt: investing in small business

 

luksor

Today, the European Union and Egypt signed two EU assistance programmes that will strengthen social safety nets and foster inclusiveness and sustainable economic development in the country, launching  the ‘EU Facility for Inclusive Growth and Job Creation’, with leverage of €420 million in support of reforms to improve the environment for business and to facilitate access to finance for Small and Medium-sized Enterprises (SMEs).

“This is time for concrete cooperation. With these programmes, we will work together to create jobs for young people, support children attending school, including the most vulnerable. The priority for the European Union is working for the citizens of our region”, – said EU top diplomat Federica Mogherini , signing the agreements in Cairo together with Egyptian Minister for International Cooperation Sahar Nasr.

 

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