Egypt Gains More USAID Funding

    The U.S. Agency for International Development is scaling up its aid for Egypt by 20 percent to USD250 million. The aid agency also intends to restructure the implementation of its aid programs in Egypt to increase efficiency.

    The U.S. is mulling over new ideas for cooperation with the Egyptian government and independent institutions, according to USAID’s new director in Cairo, James Bever.

    “We are starting a new chapter in development cooperation with Egypt, which is inspired by President Obama’s strategy of binding aid with mutual respect and common objectives,” Bever said to Al-Masry Al-Youm.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.