Egypt Cabinet endorses French Development Agency’s €15mn grant for slums

Egyptian Cabinet has endorsed a presidential decree to approve the French Development Agency (AFD)’s €15 million to develop urban slum areas.

AFD and the Egyptian government signed on October 10^th, 2015, the €15 million grant to support the state’s two programmes to upgrade the slum areas and employment.

Neighbourhood Investment Facility – European Commission

The grant is provided by the European Commission’s Neighbourhood Investment Facility (NIF), and is run by the French agency, to be disbursed to the Egyptian Social Fund for Development (SFD). Egypt’s SFD is in charge of carrying out the slum development and employment support programme.