{"id":469277,"date":"2020-12-10T13:30:06","date_gmt":"2020-12-10T12:30:06","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=469277"},"modified":"2020-12-10T13:30:06","modified_gmt":"2020-12-10T12:30:06","slug":"egypt-receives-additional-usd-866-6-million-from-afd","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/12\/10\/egypt-receives-additional-usd-866-6-million-from-afd\/","title":{"rendered":"Egypt receives additional USD 866.6 million from AFD"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The French Development Agency (AFD) has granted 715.6 million euros ($ 866.6 million) in funding to Egypt, the Egyptian Ministry of International Cooperation announced on Wednesday (December 9th). The aim is to strengthen the transition to a green recovery and to invest in human capital.<\/p>\n<p>The agreements, signed on the sidelines of Egyptian President Abdel Fattah al-Sisi&#8217;s visit to France, are part of the 2019-2023 strategic partnership for social and economic development between Egypt and France, worth 1 billion euros ($ 1.2 billion).<\/p>\n<p>&#8220;Part of the funds will finance the energy sector support program worth $ 181.5 million, and a grant of $ 1.2 million,&#8221; the ministry statement said.<\/p>\n<p>To date, France&#8217;s portfolio in Egypt has reached 9 billion dollars signed through 42 cooperation protocols in various sectors, including transport, electricity, civil aviation, housing and sanitation, health , agriculture and irrigation.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The French Development Agency (AFD) has granted 715.6 million euros ($ 866.6 million) in funding to Egypt, the Egyptian Ministry of International Cooperation announced on Wednesday (December 9th). The aim is to strengthen the transition to a green recovery and to invest in human capital. The agreements, signed on the sidelines of Egyptian President Abdel<\/p>\n","protected":false},"author":527297,"featured_media":469278,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996],"tags":[341,13894,16920],"class_list":{"0":"post-469277","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"tag-afd","9":"tag-egypt-en","10":"tag-usd-866-6-million","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt receives additional USD 866.6 million from AFD - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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