Egypt, US sign 7 development agreements worth $125 mln

Al-Mashat, US Ambassador to Egypt Jonathan Cohen, and Mission Director of USAID Egypt Leslie Reed witnessed the signing.

The signed agreements are expected to play a role in stimulating Egypt’s government efforts in developing the sectors of basic education, higher education, science and technology, agriculture, health, economic governance, trade, and investment, in addition to $5 million allocated for combating the repercussions of the pandemic, according to the minister.

The agreements allocate $17 million to the sector of basic education; $31 million to the US-Egypt Higher Education Initiative (HEI); $4 million to US-Egyptian cooperation in the sector of science and technology; $27 million to economic governance; $5 million to agriculture and rural development; and $28 million to bolstering trade and investment in Egypt.