Monday 25 Nov
Dr. Rania El Mashat, Minister of International Cooperation, and Frank Hartmann, Ambassador of Germany to Egypt, signed a financial cooperation agreement worth 103.5 million euros.
The German
Embassy in Cairo stated on Monday that this agreement provides for the
financing of three development programs in Egypt:
Financing
micro, small and medium-sized enterprises, phase four, in favour of Banque du
Caire in the form of soft financing worth 65 million euros.
In addition to
a financial contribution, a supplementary grant, worth 3 million euros, as well
as financial support for the Comprehensive Technical Education Initiative with
Egypt, phase three, in favour of the Ministry of Education and Technical
Education worth 20.51 million euros.
And the Risk Management Mechanisms Program in favour of the Central Bank of Egypt worth 15 million euros.
