Egypt received $7 bln in foreign funds to support 79 development projects in 2016: Ministry

Sahar Nasr 30/06/2017 (Ahram Online – Egypt): Egypt recieved development funds worth $7 billion to support 79 projects in 11 sectors in 2016, the investment and international cooperation ministry said on Friday. “In 2016, we were able to inject $7 billion into economic, social and environmental development that meets the needs of both individuals and communities,” the ministry said in an annual report released Friday, titled “One Year of Effective Development Cooperation.” “The funds were spread among 79 development projects aimed at improving the standard of living of citizens, with a particular focus on the poor and vulnerable in disadvantaged areas,” it added. The report, which tracks development efforts in 2016, consists of four chapters: development assistance management for sustainable development, development cooperation activities in 2016, consensus with national development goals, and comprehensive growth and fair development…–bln-in-foreign-funds-to-support–d.aspx




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