USAID hails Egypt’s economic, social reforms – official

Deputy Assistant Administrator for the Middle East region at the United States Agency for International Development (USAID) Andrew Plitt has praised Egypt’s economic and social reforms and the procedures that the Egyptian government has taken to upgrade the venture climate.

In a meeting with Egypt’s Minister of Investment and International Cooperation Sahar Nasr on Monday, Plitt said that USAID is proud of the partnership with Egypt in implementing a number of projects and that it is looking forward to a robust economic partnership over the next phase.

Nasr praised the strategic ties between Egypt and the US and their economic cooperation, which covers developmental sectors that are priorities for the Egyptian government.

She said that the government’s priorities include empowering young people, supporting SMEs, upgrading water and sanitation, and expanding social protection programmes under the umbrella of Egyptian President Abdel Fattah al-Sisi’s initiative of investing in human capital.

The project portfolio between Egypt and USAID records $1 billion, according to the Egyptian-American Business Fund.

Nasr called for USAID to pump new investments in Egypt, which currently record $22.8 billion.

Source: Ahram Online