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Egypt, USAID inks deals worth $112.5 million

Cooperation deals between Egypt and the United States Agency for International Development (USAID) signed this year have reached $112.5 million (EGP 1.765 billion), Minister of International Cooperation Rania al Mashat has announced.
The agreements have covered several areas including health, higher education, and scientific research as reported by Egyptian officials following a meeting with Leslie Reed, mission director of USAID in Egypt.
As part of the deal Egypt in July green-lighted a grant agreement worth $30 million (EGP 470 million) with USAID to develop the Arab country’s education sector, Arab Finance reports.
Both sides are looking to expand the mutual economic cooperation strategy during 2021-2025, the media notes.

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Posted by on Nov 5 2020. Filed under Finance, Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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