Minister of Investment and International Cooperation Sahar Nasr met with the CEO of the International Islamic Trade Finance Corporation Hany Salem Sonbol on Friday, to discuss efforts to increase ITFC support for the private sector through investment projects.

The ministry has been working on increasing the volume of direct foreign investment and paving the way for increasing private sector investment in Egypt, Nasr said according to a ministry statement.

The minister praised the role ITFC played in providing basic commodities for citizens through a $3 billion agreement signed last year.

Sonbol said the total funds from his group to Egypt reached $8 billion dollars last month, which contributed to supporting small and medium-sized enterprises.



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