COOKIE NOTICE

We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

USAID to provide Egypt with 8 development grants worth $130M| MoICMin

These agreements were signed by the Minister of MoIC, Rania Al-Mashat, and ambassador of the United States to Egypt, Herro Mustafa.

By: Business Today Staff

Thu, Jun. 13, 2024

Egypt signed agreements for 8 non-refundable development grants worth $130 million from the United States Agency for International Development (USAID), according to a statement released by the Ministry of International Cooperation (MoIC).

These agreements were signed by the Minister of MoIC, Rania Al-Mashat, and ambassador of the United States to Egypt, Herro Mustafa.

The signed grant agreements cover various priority areas and reflect the government's vision for development.

They include $13.5 million for comprehensive economic governance, $35 million for the Egyptian-American Higher Education Initiative, $12 million for the second phase of basic education, and $15 million for improving health outcomes.

Additionally, there is $14.5 million for rural development and income increase, $26.9 million for trade and investment improvement, $5.5 million for addressing climate change, and $7.5 million for water support solutions.

It is worth noting that the ongoing development cooperation portfolio with the USAID since 2014, amounts to about $1 billion.

 This portfolio contributed to implementing many projects in the fields of basic education, higher education, health, governance, small and medium enterprises, private sector support, tourism, agriculture, and climate.