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Egypt’s total current portfolio of development funds hits $25B in 19/20

Total current portfolio of development funds that were received during the fiscal year 2019/2020 amount to the equivalent of $25 billion, Ministry of International Cooperation announced.

The Ministry explained that 22 percent of these funds are dedicated to housing and wastewater management, while 19 percent is dedicated to energy and transportation.

The Ministry of International Cooperation in the past year carried out several field visits to projects funded by development partners despite the circumstances of the COVID-19 pandemic, including the Sinai Community Development Program, agricultural and rural development projects in the governorates of Qena and Luxor, in addition to the Rod al-Farag wastewater treatment plant, to present evidence-based success stories and porotypes for international partnerships for development.