Sahar Nasr targeting USD 22 bn for private sector over the coming three years

Investment and International Cooperation Minister Sahar Nasr is targeting USD 22 bn in financing for the private sector from international financing institutions over the next three years, she told reporters on Sunday, according to Al Borsa. As we noted last week, Nasr is planning to meet with the World Bank Group’s delegation this month, presumably to resume talks on USD 400 mn in funding for labor-intensive projects and SME development. Her statements came at the signing of four agreements between the Egyptian Financial Supervisory Authority and the General Authority for Investments and Free Zones to facilitate establishing new companies.