Signing 9 financing agreements between Egypt and the French Development Agency by 262 million euros
& nbsp; Egypt has signed nine financing agreements with the French Development Agency (AFD); On the occasion of the high -level official visit that French President Emmanuel Macron is currently conducting to Cairo, in the presence of a number of Egyptian and French ministers, the total value of the agreements is 262.3 million euros, between loans and grants, and reflects the depth and diversity of the bilateral partnership between the two countries. Khaled Abdel Ghaffar, Minister of Planning and International Cooperation Rania Al -Mashat, Minister of Electricity and Energy Mahmoud Esmat, Minister of Housing Sherif El -Sherbiny, and a number of French ministers. Common.
& nbsp; These projects combined constitute nearly half of the obligations included in the government cooperation agreement (IGA) for the period 2021-2025. & nbsp;
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These sustainable investments also confirm the priority of basic transitional infrastructure, and the consensus of bilateral partnership with Egyptian priorities, including the platform of the national program & quot; (Linking water, food and energy), as well as & quot; The transfer concerned.
& nbsp; Includes jointly with the European Bank for Reconstruction and Development (EBRD), in supporting the priorities of the Egyptian authorities to enhance a private dynamic and competitive private sector, by facilitating export operations, increasing the attractiveness of industrial value chains, alleviating traffic congestion on roads, and encouraging shift to railways. Economic for hundreds of thousands of workers in the industrial areas associated with it.
& nbsp; Additional. Work.
& Nbsp; The station will include a system to convert sludge into energy, which helps to avoid emission of 30,000 tons of carbon dioxide annually. Al -Shamali. Through investing in the country’s strategic infrastructure, in line with national priorities and for the benefit of citizens, these projects contribute to enhancing the relationship based on confidence between France and Egypt. & quot; Global Gate & quot; (Global Gateway). French Development (AFD) is a major actor in French-Egyptian cooperation. Water), climate financing, supports the private sector and entrepreneurship, and contributes with its partners in social sectors such as education, health and social protection.
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and about 6 million Egyptian citizens already benefit from the ambitious reform of the comprehensive health insurance system, which is funded by the French Development Agency and is implemented with the support France & quot;.
& nbsp; (Nexus: Food, Water, Energy). (AFD’s special financing arm) Damietta Port expansion project.
