Catalyzing Finance for MSMEs and Innovative Ventures in Egypt

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This project focuses on contributing to the growth of three specific private sector segments, namely innovative ventures, growth-oriented small-to-medium firms, and growth-oriented micro-and very small firms in transforming sectors. MSME Competitiveness and Resilience in Egypt project is comprised of three components that combined contribute to achievement of the PDO. Component 1 aims to develop and deploy a range of catalytic financing mechanisms to improve access to finance for innovative ventures and growth SMEs; Component 2 aims to increase the resilience of micro and very small enterprises at the base of the pyramid, particularly those in the manufacturing and services sectors; and Component 3 aims to strengthen MSMEDA’s institutional capacity as an apex organization for entrepreneurship and MSME development in the country. Component 1 and 2 both include some activities that are financed by the loan proceeds, and others that are financed by trust funds managed by the World Bank. Additionally, discussions are advancing with key development partners to closely align with activities they are implementing that have similar long term development objectives. Both gender and climate are cross-cutting and thus integrated in all three components.