EGYPT – The Ministry of International Cooperation has signed development financing grants with the European Union worth US$145.64 million to develop several sectors.
The signing took place in a ceremony organized by Egypt’s Ministry of International Cooperation and the EU in Egypt, marking Europe Day.
The year 2022 marks 45 years of EU-Egypt bilateral relations and 50 years of regional collaboration.
The financing covers several sectors including health, administrative reform, environment, rural and community development, and governance.
The signing ceremony witnessed a US$25.33 million grant agreement between the EU’s Integrated Rural Development program and the Italian Agency for Development Cooperation to support the Ministry of Agriculture and Land Reclamation.
The event also included the signing of the Public Financial Management project to support the Ministry of Finance with a US$5.25 million grant.
It also witnessed the Sustainable Development Strategy and the Administrative Reform Plan with a €5 million grant to support the Ministry of Communication and Information Technology and the Central Agency for Organisation Administration (CAOA).
This comes within the framework of the “EU Support to Enhanced Administrative and Public Economic Governance in Egypt” program, which will be implemented through the Organisation for Economic Co-operation and Development (OECD).
The project “Decentralization and Integrated Local Development with a Special Emphasis on Upper Egypt” was also signed, worth US$7.39 million in grants.
The project is within the framework of “EU Support to Enhanced Administrative and Public Economic Governance in Egypt,” which will be implemented through the United Nations Development Program (UNDP), in support of the Ministry of Local Development.
A €14 million grant for the “EU Green – EU Support for Growth through Egyptian Environmental Networks” program was also signed and will be implemented through the GIZ, to support the Ministry of Environment.
This is in addition to the US$3.17 million grant for the Community Development Program between the EU and the Agence Française de Développement (AFD) for the Micro Small and Medium Enterprises Development Agency (MSMEDA).
Moreover, the disbursement of the second tranche was announced to support the budget, worth US$84.43 million in grants to support the Ministry of Health and Population.
The grant will help revive the economy of the North African country that was derailed greatly by the Covid-19 pandemic.
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