Egypt: AfDB Agreement to Support Private Sector Development Program

House of Representatives has approved a significant agreement between the Egyptian government and the African Development Bank (AfDB) to support the first phase of the Private Sector Development and Economic Diversification Program as part of the general state budget support.

The agreement, valued at $131 million, aims to bolster Egypt’s economic diversification efforts and improve the business environment, according to a statement from Rania Al-Mashat, Minister of Planning, Economic Development,…