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US invests $1.5bn to increase Egyptian agricultural export by 1,500%: US official

The United States (US) has invested $1.5bn to increase agricultural export revenue in Egypt by 1,500% according to Elizabeth Mello, US Embassy Senior Agricultural Attache.

US has improved marketing and technical assistance to more than 500,000 smallholder farmers, plus $240m for improving irrigation systems across Egypt, she added according to Daily News Egypt

Mello added that the US also provides a Credit Guarantee Program through the Community Credit Corporation that enables Egyptian businesses to secure financing and credit support to enable them to more easily import American food products, thus increasing the diversity of products available to the Egyptian consumer.