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IFAD finances 14 agricultural projects in Egypt with $520m

IFAD finances 14 agricultural projects in Egypt with $520m
Minister of Agriculture El-Sayed El-Qosair

Cairo – Mubasher: The Minister of Agriculture, El-Sayed El-Qosair, has met a high-level delegation from the International Fund for Agricultural Development (IFAD) headed by Ambassador Yaya Olaneran.

El-Qosair noted that IFAD has long supported several projects in Egypt, especially in the agricultural sector, according to a statement on Monday. 

The agricultural sector is one of the top sectors in Egypt as it employs more than 25% of the country's total labour and contributes significantly to the gross domestic product (GDP), the minister pointed out. 

IFAD has previously financed 14 agricultural projects in Egypt at a value of $520 million, in addition to three other ongoing projects, namely promoting resilience in desert environments (PRIDE), promotion of rural incomes through market enhancement (PRIME), and sustainable agriculture investments and livelihoods (SAIL), El-Qosair revealed.