Egypt: MSMEDA cooperates with Central Bank of Iraq to develop SMEs, entrepreneurship

Egypt: MSMEDA cooperates with Central Bank of Iraq to develop SMEs, entrepreneurship

Egypt - Basil Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency, has affirmed the agency’s keenness to enhance cooperation with the concerned authorities in the development of small projects in the Arab countries.

Rahmi’s remarks came during the signing of a memorandum of understanding between MSMEDA and the Central Bank of Iraq for joint cooperation between the two sides in the field of enabling medium and small projects. It comes as part of the joint Egyptian-Iraqi committee meetings in the New Administrative Capital.

Rahmi said that cooperation between the Enterprise Development Agency and the Central Bank of Iraq aims to create links between small projects in the two countries, through the agency transferring its experience in the business development sector and supporting medium and small projects to similar entities in Iraq, and applying successful financing and technical support mechanisms that allow this sector to grow. and sustainability.

He indicated that the agency will work through this cooperation to transfer its experience with regard to entrepreneurship programs, the establishment of business and technological incubators, the promotion of a culture of self-employment among young people, the development of entrepreneurial skills, and the holding of intensive training courses in the areas of project