Four agreements worth 256m Euros with AFD

02-04-2017 06:40 PM

Mary Fikry

The finances are programmes that support the country’s deficit for sectors of

energy, sanitation, and healthcare

Minister of Investment and International Cooperation Sahar Nasr signed four

agreements with Director of Operations of Agence Française de Développement

(AFD), Laurence Breton-Moyet, which provide support for the sectors of energy,

sanitation, and healthcare—worth a total value of 256 million Euros. The French

ambassador to Egypt, André Parant, witnessed the signing.

Nasr said that the finances are divided into loans and grants, explaining that the

first loan from the AFD is worth 175 million Euros for supporting the budget of the

energy sector, the second is for 31 million Euros for a project to support the quality

of primary healthcare service in Egypt, which is the first of its kind by the AFD in

the health and social sectors in Egypt. The third agreement provides a 50m Euros

loan to support the expansion of the East Alexandria wastewater treatment plant.

Watani International

2 April 2017

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