The French Development Agency (AFD) has granted 715.6 million euros ($ 866.6 million) in funding to Egypt, the Egyptian Ministry of International Cooperation announced on Wednesday (December 9th). The aim is to strengthen the transition to a green recovery and to invest in human capital.
The agreements, signed on the sidelines of Egyptian President Abdel Fattah al-Sisi’s visit to France, are part of the 2019-2023 strategic partnership for social and economic development between Egypt and France, worth 1 billion euros ($ 1.2 billion).
“Part of the funds will finance the energy sector support program worth $ 181.5 million, and a grant of $ 1.2 million,” the ministry statement said.
To date, France’s portfolio in Egypt has reached 9 billion dollars signed through 42 cooperation protocols in various sectors, including transport, electricity, civil aviation, housing and sanitation, health , agriculture and irrigation.
journaliste économique, titulaire d’un Master II en Communication et Journalisme de l’Institut Supérieur des Sciences de l’Information et de la Communication de Dakar (ISSIC). Grande amatrice de lecture et de musique. Féministe dans l’âme et passionnée de mode.