All indicators reflected the ability of the Egyptian state to cross the repercussions of the coronavirus in order to maintain the stability of its financial and monetary indicators according to the figures and data of the balance of payments for 2019/2020.
EBRD announced Wednesday supporting the real economy in Egypt with a $ 200 million financing package to Banque Misr for trade and for on-lending to small and medium-sized enterprises (SMEs) and private businesses – a key segment of the local economy - impacted by the coronavirus pandemic.
“The objective of financing the urban transport sector with €1.1 billion is to enhance the transition from private cars to a more efficient means of transportation” the Minister noted.
Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.
In a press statement, Saeed lauded measures taken by the bank to combat the novel coronavirus through providing urgent aid for member states and Muslim communities in non-member states.
This came in a report released by the Ministry of Planning and Economic Development on extra funding and budget surplus in the fiscal year 2019/2020.
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) aims to fund about 200,000 micro-loans during 2020, with a total financing of LE 3 billion.
Also, the number of beneficiaries grew by 11.8 percent.
Gamea added in a statement Thursday that $700 million of the funding will go to the energy sector, while $400 million will be for the internal trade.
Eleven financial and technical agreements were signed on Saturday.
Vice-president of European Investment Bank (EIB) Dario Scannapieco expressed interest in a meeting with Egyptian prime minister.
Mega projects established in Upper Egypt can be a beacon of hope for smaller ones.
This funds the implementation of the Egyptian initiative to integrate the three environmental conventions: Biodiversity, desertification and climate change.
The volume of Egyptian trade with the European Union countries represents about 30 percent of the total volume of its commodity trade with the world.
The plan consists of three main programs.
The charges consist of terrorism funding, affiliation to a terror group, leading an outlawed group, incitement to violence, and undermining the state in lawsuit no.800/2019.
The financial contributions of the Arab states can be made through the Arab League’s general secretariat or directly to the Palestinian Finance Ministry.
They also expressed no confidence in Fayez al-Sarraj and Ghassan Salama.
President of the University of Cairo told Egypt Today that the total number of research projects funded jointly by the university and other entities is 38.
Fintech in Egypt still relies heavily on payments.