The World Bank is supporting increasing access to finance for Egyptian micro and small enterprises that play a vital role is the creation of employment opportunities and improving the conditions of the most vulnerable citizens.The Enhancing Access to Micro and Small Enterprises Project is the first World Bank-funded operation to support the MSE sector, which has, in the wake of the January 25th Revolution, become an even greater priority for the Government of Egypt in the coming period.
The sector is estimated to account for over 99 percent of Egyptian enterprises, 85 percent of non-agricultural private-sector employment, and, correspondingly, almost 40 percent of total employment. This makes it a critical path to building a more inclusive system able to cater to less privileged segments in the society.
See full Press Release.
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