The Minister of Investment and International Cooperation (MIIC) Sahar Nasr signed eight economic cooperation agreements worth $US 121.6 million with Direct of the US Agency for International Development (USAID) Sherry Carlin. The cooperation agreements are in the fields of investment, education, health, agriculture and water. Nasr said that the newly signed agreements included a grant agreement worth $US 6 million dedicated to improving health “in favor of the Ministry of Health, given that the total contribution of the US side would reach USD 29 million with the end of the agreement in 2022,” according to the statement. The second agreement is a grant worth $US 50.8 million aims at supporting water integrated solutions in favor of the Ministry of Housing and the Holding Company for Water and Wastewater (HCWW). The purpose of the agreement is to increase the availability of potable water and improve its quality, besides improving sanitation services, especially in rural areas by establishing water plants, improving the means of water treatment, replacing damaged pipelines, and building systems for sewage collection. One of the agreements allocates $US 13 million to enhance the country’s lower and higher education systems…
Investment Minister Signs 8 Economic Cooperation Agreements with USAID
September 28, 2017
