Egypt signs $252M financing agreements for education in 2020

Egypt signs $252M financing agreements for education in 2020

Minister of International Cooperation Rania Al-Mashat - Press Photo







CAIRO – 24 December 2020: Egypt signed financing agreements worth $252 million in 2020 from multilateral and bilateral partners in Education, from the USAID, Saudi Fund, South Korea, Italy and Germany, according to Ministry of International Cooperation 2020 Annual Report.

 

The report revealed that the ministry secured 4 grants from the United States of America; $15 million for the Basic Education Development Program in the second phase; $26.5 million for a project to stimulate trade and investment in Egypt; $30 million for the Egyptian-American Higher Education Initiative, and $4 million for the Egyptian-American cooperation in science and technology. 

 

A $2.5 million Italian grant was also provided for a project to expand applied technology in schools and enhance the skills of teachers, and a $2.9 million grant came from Korea to develop a system for automating intellectual property systems.

 

“Germany