Egypt, USAID discusses $104M for development projects

CAIRO – 10 July 2017: The U.S. Agency for International Development (USAID) discussed with Egypt about the allocation of LE 1.85 billion ($104 million) for a number of development sectors, Minister of Investment Sahar Nasr said Monday.

The considered allocations are to be directed to the sectors of investment, science, technology, higher education, agriculture, education, health, water and sanitation, Nasr said in a statement.

During a meeting with USAID Egypt director Sherry Carlin, Nasr proposed participating in projects of the private sector, entrepreneurs, women, SMES and micro finance initiatives.

The pair also discussed bilateral cooperation on fighting corruption, in addition to, supporting technical education and expanding investments.

In April, the Board of Directors of the U.S.-Egypt Science and Technology Joint Fund approved 15 joint projects in the fields of agriculture, energy, health and water.

The Joint Fund has provided grants for more than 500 collaborative projects involving Egyptian and U.S. scientists in a wide variety of fields, including agriculture, engineering, health, renewable energy and water.