The project will support 3.7 million micro, small and medium enterprises recovering from the economic impact of COVID-19.
The United Nations Development Programme (UNDP) and Japan have joined together to help Egypt in its socioeconomic recovery from COVID-19 by providing us with USD 2.73 million. The project will focus on providing support for national and subnational coordination, planning and crisis management in Egypt. The project will also handle the socio-economic impact of COVID-19, particularly on Micro, Small and Medium Enterprises (MSMEs) and vulnerable sectors of society.
“Thanks to the generosity of Japan, we are delighted to work closely with the Embassy of Japan to support Egypt’s efforts to respond and recover from COVID-19," UNDP Egypt Resident Representative Randa Aboul-Hosn said. “Millions of people and vulnerable households are affected by the socio-economic shocks resulting from the COVID-19.”
The project plans to support at least 3.7 million MSMEs – particularly in the retail and handicrafts sector – by helping them make the switch to digitization, where they will be able to more fully utilize the flexibility of e-commerce.