SFD To Sign US$300 Mln Finance Contract With WB, International UnionTomorrow

The Social Fund for Development (SFD) will sign Protocol of Cooperation with the World Bank and the International
Union tomorrow as part of the labor-intensive program.

Hanaa El Hilaly, director general of the Planning & International Cooperation Group at SFD, told Amwal Al Ghad that the World Bank will offer US$ 200 million and the International Union will offer US$ 100 million.

The labor-intensive program targets employment of people in all governorates in Egypt through a Protocol of Cooperation signed with a number of agencies and ministries in Egypt such as the Ministry of Agriculture.

The Social Fund for Development was ranked the sixth in Egypt in receiving foreign loans and grants.