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Development financial institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from ...
It was the first human rights organization in the country and remains one of the most professional non-governmental organizations (NGOs) in Egypt. Its headquarters is in Cairo, and has regional branches with a national membership of approximately 2,300 active volunteers in 17 provincial branches located across the country. [ 2 ]
NGO-ization is a process resulting from neoliberal globalization. [5] It consists of the flourishing of NGOs founded on issue-specific interventions [6] associated with the rising centrality of civil society [7] where NGOs are in charge of social services that used to be fulfilled by the public sector. [5]
A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower countries. MDBs finance projects through long-term loans at market rates ...
NGOs, in general, account for over 15% of total international development aid, which is linked to economic development. [14] As of 2007, aid (partly contributed to by INGOs) over the past thirty years is estimated to have increased the annual growth rate of the bottom billion by one percent. [15]
In 2016, the NGOs Act was passed and the ministry sent letters to NGOs requiring them to disclose activities a month and a half prior to said activities. [6] The NGOs Act passed in 2016 allowed the Ministry of Social Solidarity to disband NGOs but in June 2018, the Egyptian Supreme Constitutional Court stated that clause in the Act was ...
The Egyptian constitution placed the social aspect of equality and inclusion as a cornerstone of the National Agenda for sustainable development, as it stipulates, “We write a constitution that achieves equality between us in rights and duties without any discrimination,” and its fourth article states, "Sovereignty is for the people alone, that they exercise and protect it, and they are ...
The bank is a joint-stock company, where at the end of 2021 Egyptian SOEs owned the majority of shares ( 29.81% New Urban Communities Authority, 8.92% Misr Life Insurance, 8.29% by Misr Insurance, and 7.41% by the Housing Projects Fund, 5.03% Ministry of Awqaf) in addition to significant holdings by Saudi Arabian businessmen Abdelmoniem al ...