Egypt’s parliament approves grant agreement on inclusive economic governance worth $26M

In its plenary session, the House of Representatives approved the second amendment on the comprehensive economic governance grant agreement between the Arab Republic of Egypt and the United States of America at a value of $26.9 million. 

 

This is in light of the joint development cooperation relations between the two countries, and with this, the total grants directed to the comprehensive economic governance program become about $77.5 million.

 

Minister of International Cooperation, Rania A. Al-Mashat, said that the aim of the grant agreement is to enhance comprehensive economic governance, its effectiveness, stimulate women's participation in the workforce, support low-income citizens and enable their to access public services by increasing the efficiency of public institutions and increase the socioeconomic participation of women, as well as automating procedures within the economic courts.