Funding
Those are African and European countries as well as some Asian, North American, South American and Caribbean countries.
The duration of those bonds is 19 years.
The Egyptian government has taken concrete steps to revamp Greater Cairo's first metro line.
The funding is in the form of grants that are not paid back.
A press statement issued by the Ministry of Local Development on Wednesday indicated the top five governorates that received funds through the programme.
Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.
Three other international partners are also taking part in the project.
That is through the Ministry of Social Solidarity and civil associations to enhance the living conditions of beneficiaries.
According to the statement, the total investment of Breadfast so far amounts to about $33 million.
Young people in the age group of 30-40 years received up to 36 percent of this funding, and the governorates of Upper Egypt benefited by more than 43 percent of the funding.
Application began on August 15 and will last until September 9.
the meeting discussed the foundation's strategic plan, aiming to support the efforts of the Egyptian government for the society’s development through providing support to “A decent life” initiative.
Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.
Abdel Aati affirmed the need for a binding agreement on the filling and operation of the massive GERD in a way that meet the aspiration of the three concerned countries of Egypt, Sudan and Ethiopia in development.
The deal inked in January is subject to the endorsement of the president.
The program is targeted at low and middle income citizens.
A session titled "Recovering Stronger, Rebuilding Better: Pathways for a More Secure, Resilient, and Prosperous Africa" was held.
As part of this broader scope of work, UNDP and the Egyptian private equity Catalyst Private Equity (CPE) will put in practice an impact measurement towards the SDGs of private sector enterprises and private investments.
Al-Mashat clarified that $ 6.7 billion out of the funding was secured to finance sovereign projects and $ 3.1 billion was to support the private sector.
Minister of Planning and Economic Development Hala El-Said gave an overview of the efforts made to diversify the sources of financing development plans and programs.
