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Egypt’s House of Representatives approves $41m grant agreements

Egypt’s House of Representatives approves $41m grant agreements
The agreements cover health, investment, environment, women empowerment, and transport sectors

Cairo – Mubasher: Egypt’s House of Representatives approved five grant agreements worth $41 million with development partners, the Minister of International Cooperation, Rania El-Mashat, announced.

The agreements cover several sectors such as health, trade, investment, environment, women empowerment, and transportation, according to a statement on Tuesday.

The parliament approved the presidential decree no 696 of 2020 regarding a Japanese grant worth JPY 1 billion ($9.5 million) to contribute to the economic and social development programme.

In addition, the presidential decree no. 697 of 2020 regarding the fourth amendment to the $26.5 million assistance grant agreement between the Egyptian and the US governments for stimulating trade and investment in Egypt was also approved.

Moreover, the approvals included the presidential decree no 723 of 2020 approving the agreement between Egypt, the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA) over a grant worth up to $750,000 to finance the sustainable management of persistent organic pollutants project.

The parliament also approved the presidential decree no. 730 of 2020 approving the EUR 200,000 ($242,000) grant agreement with the Spanish Agency for International Development Cooperation (AECID) to support creating a safe workplace for women in the tourism sector.

The approvals also covered the presidential decree no. 698 of 2020 approving the EUR 3.005 million ($3.6 million) grant agreement for technical assistance between Egypt and the European Bank for Reconstruction and Development (EBRD) in renovating Cairo Metro Line I.