Parliament approves financial support from AFESD

CAIRO – 13 June 2017: Parliament approved on Monday presidential decree No. 501 on the KWD 300.000 ($988 thousand) aid package provided by the Arab Fund for Economic and Social Development (AFESD) to the Ministry of International Cooperation. The aid package will go towards demining Egypt’s northwestern coast.

The funding aims to support sustainable development and provide employment opportunities for landmine victims to improve their socio-economic conditions.

The Ministry of Investment and International Cooperation will implement the project and coordinate with all competent authorities.

On April 19, the Minister of Investment and International Cooperation, Sahar Nasr and AFESD director general Abdlatif Yousef Al-Hamad penned an agreement worth KWD 26 million ($ 85 million) on the sidelines of the annual meeting of Arab Financial Institutions in Morocco.