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Egypt signs development grants with EU worth 138 million euros

Egypt signs development grants with EU worth 138 million euros

The European Union (EU) and the Ministry of International Cooperation organized a signing ceremony for a number of development financing grants within the framework of the Egyptian-European partnership.

During the ceremony, The Ministry of International Cooperation and the EU signed a number of development funding grants worth 138 million euros. The funding comes within the framework of the EU-Egypt Partnership Priorities for 2021-2027.

In her opening speech, the Minister of International Cooperation, Rania A. Al-Mashat, emphasized the importance of the strategic relations between Egypt and the EU, which comes within the framework of the country’s development cooperation relations with multilateral and bilateral development partners.

The grants included a 24 million euros grant agreement between the EU’s Integrated Rural Development program and the Italian Agency for Development Cooperation to support the Ministry of Agriculture and Land Reclamation, a €5 million grant euros to support the Ministry of Finance, a 5 million grant euros to support the Ministry of Communication and Information Technology and 80 million grant euros to the Ministry of Health and Population.

The 138 million euros financing grants cover several sectors including: health, administrative reform, environment, rural and community development, and governance. 

Also read: EU provides Egypt with €100m in support to help combat rising food prices

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