Investment Minister, USAID ink $100M cooperation deals

CAIRO – 27 September 2017: Minister of Investment Sahar Nasr signed Wednesday eight economic cooperation agreements with the U.S. Agency for International Development (USAID) at $100 million in the fields of investment, education, health, agriculture and water resources.

The deals aim to support the government of Egypt's economic reforms, Sustainable Development Plan 2030 and private sector led growth and job creation, the U.S. Embassy’s statement said.

"These agreements reflect our strong and enduring partnership and the impact that our joint efforts have on the people of Egypt," USAID Mission Director to Egypt Sherry Carlin said.

For nearly four decades, the American people have partnered with the people of Egypt to bolster self-reliance, foster stability, promote economic growth, and reduce poverty.

USAID's program in Egypt started since 1978, totaling nearly $30 billion, with the aim to promote a healthy, educated and employed population.