The Ministry is working to empower the private sector and stimulate investments by providing concessional financing to banks and companies, which increases the competitiveness of the economy. A financing agreement worth $100 million was signed between the European Bank for Reconstruction and Development (EBRD) and the National Bank of Egypt to support small, medium, and micro-enterprises. The signing ceremony was attended by Rania Al-Mashat, Egypt's Minister of Planning and Economic Development and Governor at the EBRD, Mohamed El-Etreby, CEO of the National Bank of Egypt, and Greg Kayat, First Vice President of the EBRD. The agreement was signed in Cairo.
