Last Update 18:3
Thursday, 13 December 2018

US pledges over $100 mln in cooperation agreements with Egypt: Ministry

Ahram Online , Wednesday 27 Sep 2017
Sahar Nasr and USAID
International Cooperation and investment minister Sahar Nasr (L) and USAID's Sherry Carlin during a Wednesday signing of eight agreements pledging bilateral assistance (Photo Courtesy of Egypt's MOIC)
Share/Bookmark
Views: 3555
Share/Bookmark
Views: 3555

Egypt and the US signed eight economic cooperation agreements worth $121.6 million to develop investment, education, health, agriculture and water management in line with Egypt's economic reform programme as well as the country's 2030 development plan.

Egypt's international cooperation and investment ministry said the agreements were signed between minister Sahar Nasr and director of the US Agency for International Development (USAID) Sherry Carlin at the ministry's premises in Cairo.

The agreements include a grant of $29 million to be disbursed periodically by 2022, with an initial disbursal of $6 million, for improving family planning and reproductive health.

The second agreement is a grant worth $50.8 million for supporting integrated solutions for water with the housing ministry and the Holding Company for Water and Wastewater.

The water agreement aims to increase the availability of potable water and improve its quality. It also aims to improve sanitation services, especially in rural areas, by establishing water plants, improving the methods of water treatment, replacing damaged pipelines, and building sewage systems.

One of the agreements allocates $13 million to enhancing the country's lower and higher education systems through support programmes, and allots $27 million for the US-Egypt Higher Education Initiative.

The agreement should help create more job opportunities for higher education graduates, as well as more scholarships for and partnerships with Egyptian higher educational institutions, according to the ministry.

The deal also sets $4 million to "broaden the scope of relations between scientific and technological communities in both countries, enhance scientific and technological cooperation for peaceful purposes and exchanging ideas, information, skills and technology of common interest," according to the ministry.

The agreements also allot $12 million to raise incomes and job opportunities for farmers in targeted communities in Upper Egypt (Beni Suef, Minya, Assiut, Sohag, Qena, Luxor, and Aswan) through increasing productivity, engaging farmers in global markets and focusing on new areas in agriculture.

A trade and investment promotion agreement worth $5.1 was signed to bolster the investment and trade environment, and specifically micro, small and medium enterprises.

Another agreement allocates $3.6 million for the ministries of justice and social solidarity as well as the National Council for Women and the National Council for Population to put into effect various initiatives in criminal justice, family justice and media development.

“These agreements reflect our strong and enduring partnership and the impact that our joint efforts have on the people of Egypt,” USAID's Carlin said, according to a statement by the US Embassy in Cairo.

The statement added that through cooperation with the Egyptian international cooperation and investment ministry, the two countries are "strengthening the cornerstones of stability and prosperity in Egypt."

Since 1978, the USAID programme has contributed nearly $30 billion in Egypt, according to the US envoy in Cairo.

According to investment minister Nasr, the agreement came as "an outcome of [President Abdel-Fattah El-Sisi's] meeting with his American counterpart Donald Trump in New York and what has been agreed upon regarding economic cooperation between both countries."

El-Sisi's meeting with Trump last week was the first between the two following an August decision by the US to withhold aid to Egypt, citing concerns over Cairo’s record on democracy and human rights.

Trump told reporters before the meeting that the US “will consider” resuming some of the suspended military assistance to Egypt.

Last month, Egypt described the US decision to reduce aid as a “misguided decision given the nature of the strategic relations” that have bound the two countries for four decades.

Egypt normally receives $1.3 billion annually in military assistance from the United States and nearly $250 million in economic aid.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.