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LOANS & CREDITS

Egypt - Promoting Innovation for Inclusive Financial Access Project

Media Contacts

Washington DC, April 1, 2014—The World Bank's Board of Executive Directors today approved the following project.

IBRD Loan: US $300.0 million equivalent

Terms: Maturity = 28.5 years, Grace = 7 years

Project ID: P146244

Project Description: The objective of the project is to expand access to finance for micro and small enterprises (MSE) in the Arab Republic of Egypt, using innovative financing mechanisms, with a special focus on youth and women, as well as underserved regions.