Egypt & USAID Sign $130M development grant agreements

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Thu, 13 Jun 2024 - 02:40 GMT

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Thu, 13 Jun 2024 - 02:40 GMT

CAIRO – 13 June 2024: Egypt has entered into agreements with the United States Agency for International Development (USAID) for eight non-repayable development grants totaling $130 million, according to a statement from the Ministry of International Cooperation (MoIC).
 
 The agreements were signed by Rania Al-Mashat, the Minister of MoIC, and Herro Mustafa, the United States Ambassador to Egypt.
 
These grant agreements, which align with the government's development vision, encompass a range of priority areas.
 
 They allocate $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 enhancing health outcomes. 
 
Additionally, there are provisions for $14.5 million dedicated to rural development and income augmentation, $26.9 million for fostering trade and investment, $5.5 million for addressing climate change, and $7.5 million for water support solutions.
 
It's important to highlight that the ongoing collaboration in development between Egypt and USAID, which began in 2014, has amassed a portfolio valued at approximately $1 billion.
 
This cooperation has played a crucial role in implementing numerous projects across various sectors, including basic and higher education, healthcare, governance, small and medium enterprises, support for the private sector, tourism, agriculture, and climate initiatives.
 

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