Dr. Nasr: “We give priority to supporting female investors and owners of SMEs” ... Dr. Morsi: “The third phase of the ‘Women Are Capable’ Campaign aims to encourage women to work and produce”
The Minister of Investment and International Cooperation Dr. Sahar Nasr met with President of the National Council for Women (NCW) Dr. Maya Morsi as MIIC premises.
Both sides discussed increasing coordination and cooperation during the upcoming period within the framework of the President’s declaration that 2017 is the ‘Year of Women’.
Moreover, both sides tackled preparations for the Women’s Economic Empowerment (WEE) Forum to be chaired by the Minister and to be organized by the Organization for Economic Cooperation and Development (OECD) in coordination with the NCW. The Forum’s agenda includes a number of topics based on which Women’s economic empowerment in Egypt and the Middle East will be discussed, within the framework of OECD’s intention to launch a new report on women’s empowerment in the field.
The Minister reiterated that MIIC gave priority to supporting female investors and owners of SMEs through establishing a facility for businesswomen at ISC, increasing support of development projects nationwide for female breadwinners especially in lagging regions, and allocating approximately 50% of grants to women, thereby equally contribute to women’s economic and social empowerment. The Minister explained that Article 2 of the Investment Law stipulated that men and women are equal in terms of investment opportunities, and support of SMEs, youth, and entrepreneurship.
On her part, Dr. Morsi commended the establishment of a facility for businesswomen at ISC’s Incorporation Department, which would contribute to facilitating for female investors. She added that the NCW launched the third phase of the ‘Women Are Capable’ Campaign that aims to support and empower Egyptian women through encouraging them to work and produce. The third phase, according to Dr. Morsi, is implemented in collaboration with several international financial institutions, including the US Agency for International Development (USAID), the United Nations Population Fund (UNFPA) and the United Nations Development Program (UNDP). Within this framework, both sides agreed on coordination with the UN and international financial institutions.