Egypt, World Bank ink final agreement for USD 200 mn SMEs loan: Investment Minister Sahar Nasr and World Bank President David Malpass have signed the final agreement of a USD 200 mn loan to support SMEs and entrepreneurs, according to a ministry statement (pdf). Non-banking financial institutions will receive USD 145 mn to fund primarily women and youth-led small businesses. The signing came as Malpass wrapped up his two-day visit to Egypt, during which he visited the Benban solar plant in Aswan and discussed infrastructure and investment with President Abdel Fattah El Sisi.

Correction: 08 May 2019.

An earlier version of this article incorrectly stated that the value of the loan was USD 200 bn.

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