Signed on May 18, 1999, this bilateral protocol between Italy and Egypt aims to foster the economic development of Egypt’s private sector, especially small and medium-sized enterprises (SMEs). It falls under the framework of economic and development cooperation, with a particular focus on technical and financial support.
The protocol entered into force upon the signing of the Financial Convention between Mediocredito Centrale and the Central Bank of Egypt. Its duration is indefinite and thus remains in force. In 2000, the protocol was amended through an exchange of letters dated October 17, 2000, likely updating or expanding the operational modalities of the program. The agreement includes substantial provisions for supporting Egyptian SMEs through financial instruments (such as concessional credit lines), technical assistance, professional training, and cooperation between Italian and Egyptian companies. The goal is to improve the competitiveness of Egyptian enterprises, facilitate economic relations between the two countries, and promote the transfer of skills and technology.
LINK: Protocol