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Tuesday, 10 May 2022

We’re getting EUR 138 mn in EU development grants

The EU and the International Cooperation Ministry yesterday signed development financing grants worth a total of EUR 138 mn that will fund healthcare projects, administrative reform, and environmental, rural, and community development initiatives, according to a cabinet statement. The funding comes within the framework of the EU-Egypt Partnership Priorities for 2021-2027 and was announced to coincide with Europe Day, the statement said.

The breakdown:

  • The Health Ministry will get EUR 80 mn in a second tranche of budget support funding.
  • The Agriculture Ministry will get EUR 24 mn in funding through a partnership between the EU and the Italian Agency for Development Cooperation.
  • The Environment Ministry will get EUR 14 mn to support the new national waste management strategy through German development agency GIZ.

The grants also include EUR 7 mn for the Local Development Ministry for projects focused on Upper Egypt, to be implemented by the UNDP; an EUR 5 mn grant for the planning and ICT ministries for administrative reforms through the OECD; another EUR 5 mn for the Finance Ministry for financial management reforms; and EUR 3 mn for the Micro, Small and Medium Enterprises Development Agency as part of an urban employment program in partnership with French development agency AFD.

The EU is a key provider of development finance to Egypt, with ongoing cooperation projects amounting to around EUR 1 bn, the statement said. We could see another EUR 1 bn by 2027, EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said late last year.

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