70 million LE from the African Development Fund for Egypt

The African Development Fund agreed to grant the Egyptian government represented in the Social Fund for Development 70 million L.E as a loan to be paid back over 40 years to support small and medium-sized projects in which Egyptian youths work.

The Egyptian fund will be granted an allowance period of 10 years on the condition of getting the African fund's consent for the conditions of the agreements signed by the social fund with the beneficiaries of the loan. The indebted will present a work plan through the social fund to be accepted by the African fund within 16 months.