Arab Today, arab today world bank commits 14million to create agricultural jobs in egypt
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

World Bank Commits $1.4Million to Create Agricultural Jobs in Egypt

Arab Today, arab today

Arab Today, arab today World Bank Commits $1.4Million to Create Agricultural Jobs in Egypt

Cairo - QNA

A World Bank managed funding mechanism launched Thursday will commit $1.4 Million to improving the lives of people in rural Egypt. The Egypt Development Marketplace (DM) will award a series of grants and provide technical support to organizations with a demonstrated potential of creating jobs in the agricultural sector, the World Bank said today. World Bank Country Director for Egypt Hartwig Schafer said, “Our focus this time around is on Upper Egypt. With this open competition we hope to stimulate the rural economy as a way of creating opportunities in remote regions and villages where poverty is most acute.” The Development Marketplace encourages applications for funding from private companies and civil society organizations with a clear social mission. Applications go through rigorous, merit-based scrutiny by panels of development experts from inside and outside the World Bank. Each DM has a separate theme, with the latest one in Egypt focused on organizations working on food processing, agricultural waste management, handicrafts, and other aspects of the rural economy. A series of seminars will be held in four governorates in Upper Egypt, Assuit, Qena, Aswan and Menia, to reach out to businesses and civil society organizations and encourage broad-based participation in the competition, the World Bank said. World Bank Institute’s Development Marketplace programme Team Leader Drew von Glahn said, “The Egypt Development Marketplace is designed to provide financial and capacity building resources for social enterprises as they refine and strengthen their business models. We look for these organizations to increase their ability to scale their operations, access follow-on growth funding and ultimately position themselves to have long-term social impact.” Apart from funding, grantees will also be eligible for advisory support in areas ranging from corporate governance to environmental management from the International Finance Corporation (IFC), a member of the World Bank Group which focuses exclusively on private sector investment in developing countries. Technical support will also be available from Egypt’s most prominent companies, foundations, and international organizations. The DM program, housed in the World Bank and administered by the World Bank Institute, and funded by various partners has, since its inception in 1998, awarded more than US$60 Million grants to more than 1,200 innovative projects identified through country, regional, and global DM competitions. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank commits 14million to create agricultural jobs in egypt Arab Today, arab today world bank commits 14million to create agricultural jobs in egypt

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank commits 14million to create agricultural jobs in egypt Arab Today, arab today world bank commits 14million to create agricultural jobs in egypt

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday