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Thursday, 28 September 2017

USAID signs USD 121.6 mn worth of agreements with Investment Ministry

Thank you, Amreeka: Investment and International Cooperation Minister Sahar Nasr signed eight economic agreements with USAID worth a total of USD 121.6 mn. The funding will go towards investment, education, health, agriculture, and water, the Ministry says. The agreement “emphasized strategic and strong relations between Egypt and the US, asserting that they were based on priorities and requirements of the Egyptian people and according to Egypt’s economic reform program,” Nasr says. More than a third of the money is earmaked for potable water projects, with the rest going to health, education, science and tech cooperation, agribusiness and trade and investment promotion.

These agreements reflect our strong and enduring partnership and the impact that our joint efforts have on the people of Egypt … we are strengthening the cornerstones of stability and prosperity in Egypt,” USAID Mission Director Sherry Carlin said, according to the US Embassy.

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