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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

U.S. Invests $130 Million in Egypt's Development Through USAID


Thu 13 Jun 2024 | 07:36 PM
H-Tayea

The U.S. Government, through the U.S. Agency for International Development (USAID), has announced a substantial investment of $130 million to support Egypt's development. The bilateral funding agreements, celebrated in a partnership between the Ministry of International Cooperation of Egypt and USAID, reflect the deep-rooted cooperation between the two nations.

U.S. Ambassador to Egypt, Herro Mustafa Garg, expressed her enthusiasm for the initiative, highlighting the longstanding commitment of the U.S. Government to fostering economic opportunities and enhancing living conditions for Egyptians. "I am honored to reaffirm the U.S. Government's dedication to creating economic opportunities and improving conditions for all Egyptians. With $130 million in funding from the American people, we are advancing Egyptian efforts to achieve a brighter, healthier, and more prosperous future for generations to come," said Ambassador Garg.

Dr. Rania A. Al-Mashat, Egypt's Minister of International Cooperation, underscored the importance of this partnership in addressing the country's development needs. The funding will target various crucial sectors, including education, higher education, the implementation of the STEM schools system, investment in human capital, women's empowerment, and enhancing the capacity of small farmers to increase their income. Dr. Al-Mashat emphasized that this collaboration significantly contributes to economic and social development, stimulates private sector participation in development projects, and supports small and medium-sized enterprises and entrepreneurship. Additionally, it enhances business practices and intensifies efforts in climate action, aligning with Egypt's national priorities and strategies for sustainable growth.

This significant investment highlights the United States' unwavering commitment to advancing joint U.S.-Egypt priorities, which encompass education, innovation, entrepreneurship, trade, agriculture, health, clean energy, climate adaptation, governance, and the empowerment of women and girls. Ambassador Garg noted that this initiative is a testament to the enduring partnership between the United States and Egypt, aiming to foster sustainable development and create a prosperous future for all Egyptians.

Since 1978, USAID has provided nearly $30 billion in assistance to Egypt, supporting a range of comprehensive partnerships and programs that align with Egypt's national strategies. These initiatives are designed to stimulate economic growth and improve the quality of life for Egyptian citizens, demonstrating the robust and long-standing relationship between the two countries.

The $130 million investment will significantly enhance Egypt's development landscape, focusing on expanding access to quality education, increasing investment in human capital, empowering women, improving agricultural productivity, supporting small and medium-sized enterprises, fostering entrepreneurship, and promoting climate adaptation and clean energy. This comprehensive approach aims to create a brighter and more prosperous future for all Egyptians, reaffirming the United States' dedication to Egypt's sustainable development.