UNDP to grant Egypt $120M for youth SMEs
International Cooperation Minister Sahar Nasr - YOUM7
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CAIRO: The United Nations Development Program (UNDP) will provide Egypt $120 million in aid for youth’s small and medium enterprises (SMEs), announced Egyptian Minister of International Cooperation Sahr Nasr Tuesday.

The aid comes in light of the program’s enhancing to Egyptian President Abdel Fatah al-Sisi’s initiative for youth, the statement added.

Nasr will chair an Egyptian delegation in Washington to hold meetings with the World Bank representatives to discuss financial solutions to Egypt’s challenges.

It is scheduled that the delegation will discuss an estimated $8 billion in investments over four years with World Bank officials in Egypt.

The government previously allocated 200 billion EGP ($25.5 billion) for youth development; Sisi announced the allocation in opening remarks of the Egypt’s Vision 2030 conference Feb. 24.

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