Grants
Egyptian Minister of International Cooperation Dr. Rania Al-Mashat and US Ambassador to Egypt Hero Mustafa Garg signed agreements for 8 non-refundable development grants worth $130 million from the US Agency for International Development (USAID).
The plan's duration is between 2024 and 2027.
Minister of Social Solidarity Nevine al-Qabaj stated Wednesday that the size of grants and donations to NGOs in Egypt recorded LE9.5 billion in 2022.
According to a statement, 3 grants for the death of a worker were disbursed to 3 families, with a total of LE 30,000, and LE 2,000 for a minor surgical operation for a worker, in addition to the disbursement of the Prophet’s birthday grant to 3,049 registered workers with a total of LE 1.224 million; the total amount disbursed to this category reached 1,617,500 pounds for 3,213 registered workers.
The grantees, Helm,: IDare for Sustainable Development and SPARK will help reach people from diverse backgrounds in Egypt, Iraq, Jordan, Lebanon, Palestine and the UAE.
These agreements come within the framework of the joint economic relations between Egypt and the United States of America, which strengthens efforts of development cooperation to support Egypt’s development vision across various sectors.
Egypt’s House of Representatives approved 28 international agreements during the first session of the second legislative term, which all tackled infrastructure, SMEs, and governance aspects at roughly $1.1 billion in loans and $140.7 million in grants.
Those are concentrated in the sectors of transportation, constructions, agriculture, fishing, baking, and pedestrian vendors.
Minister of International Cooperation Rania Al-Mashat said that the the grants that were approved are in the sectors of health, stimulating trade, investment, the environment, women's empowerment and transportation.
Maait attributed the increase in subsidies allocations to the payment of all treasury obligations in favor of the Pension Fund, with a value of LE 42.5 billion during the six months, with an annual growth rate of 186 percent.
The first agreement aims to pump $15 million in the primary education sector, to improve the main skills of students and teacher training.
Minister of Environment Yasmine Fouad ratified the ministry’s 2019/2020 action plan to achieve the state’s sustainable development projects.
Egypt and the United States of America signed on August 4four grant agreements worth $60 million in fields of higher education, science, technology, health, trade and investment.
The OPEC Fund for International Development (OFID) provided grants to the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) and the Bibliotheca Alexandrina.
The minister also signed grants of $3.5 million, an official statement revealed.
The agreements were signed by Egyptian Minister of Investment Sahar Nasr and Mission Director of U.S Agency for International Development to Egypt Sherry Carlin.
The Ministry of Planning signed a cooperation agreement with Banque Misr and the National Bank of Egypt worth LE 400 million ($22.30 million) .
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