U.S. signs $125 million economic assistance to Egypt

Egypt and the United States signed on Monday seven bilateral assistance agreement amendments worth $125 million.

The U.S. government, through the U.S. Agency for International Development (USAID), and the Egyptian Ministry of International Cooperation signed the new economic assistance.

This investment demonstrates continued support from the American people for joint U.S.-Egypt priorities, including education, health, trade and investment, governance, agribusiness, scientific research, and women’s empowerment, an USAID statement read.

“Today’s announcement of $125 million in economic assistance from the United States to Egypt builds on the U.S. Government’s $30 billion investment in Egypt over the last 40 years, which has brought clean water and wastewater services to 25 million Egyptians, eliminated polio, spurred entrepreneurial activity, preserved historic sites, provided thousands of university scholarships, built thousands of schools, and trained over 100,000 teachers.” U.S. Ambassador to Cairo Jonathan Cohen said.

Minister of International Cooperation Rania al-Mashat said the Egyptian government applauds the strategic and historic cooperation with the United States, which strengthens and supports its efforts to achieve Egypt’s Vision 2030 and the United Nations Sustainable Development Goals (SDGs); and to push forward the private sector’s engagement.

Al-Mashat further referred to Egypt’s leadership in green transformation and climate action, adding that the government is making strides in economically empowering women, such as launching the Gender Gap Accelerator.

These two fields represent a good opportunity for widening the horizon of future cooperation with the United States Agency for International Development, she noted.