The US development Agency, USAID, and Egypt signed Monday seven grants worth $125 million to support education, health and other development projects in the Arab country.
“I am pleased to announce $125 million worth of economic aid from the United States to Egypt” the US envoy to Egypt Jonathan Cohen said.
The aid is broken down as follow: “$17 million towards the basic education sector, $31 million for the Egyptian American Higher Education Initiative, $4 million for the American Egyptian Cooperation of Science and Technology, $13 million to improve health results, and 2 $7 million for economic governance, $5 million for agriculture and rural development, and 28 million Dollar to stimulate trade and investment environment in Egypt,” the Egyptian cabinet said in a statement.
The US aid support to Egypt has hit $30 billion over the past forty years and contributed to the supply of clean water and sewage services to 25 million Egyptians, eliminating polio, building 2000 schools, and providing 4000 University Scholarships, Cohen also stressed.
