CAIRO, March 3 (Reuters) - Germany has offered Egypt $500 million to support its economic programme and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday.
"It was agreed with the German side (that they would) provide $250 million to support the economic programme ... as well as $250 million to support several other sectors, including micro-enterprises and small and medium-sized enterprises, " it said in a statement.
The support will come in the form of grants and concessional funds, a government official told Reuters. The German offer came during a visit to Egypt by German Chancellor Angela Merkel.
(Reporting by Ehab Farouk; Editing by Gareth Jones) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))
"It was agreed with the German side (that they would) provide $250 million to support the economic programme ... as well as $250 million to support several other sectors, including micro-enterprises and small and medium-sized enterprises, " it said in a statement.
The support will come in the form of grants and concessional funds, a government official told Reuters. The German offer came during a visit to Egypt by German Chancellor Angela Merkel.
(Reporting by Ehab Farouk; Editing by Gareth Jones) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))
