Home MoneyFinancial Institutions Egypt parliament approves Kuwaiti Fund’s $20 mln refugee support grant

Egypt parliament approves Kuwaiti Fund’s $20 mln refugee support grant

by Yomna Yasser

Egyptian parliament has approved Monday a $20 million grant deal signed with the Kuwait Fund for Arab Economic Development (KFAED) designated to support refugees in the North African country.

The loan will finance the establishment of 30 schools nationwide aiming to improve the educational services provided to the refugees of various nationalities, said Egypt’s Ministry of International Cooperation Sahar Nasr.

“Egypt has never trade on the presence of refugees, whether from Syria or any other country, in Egypt; we are always keen to improve services to them.” Nasr added.

There are plans to obtain another grant worth $15 million soon to implement several projects in sanitation and services sectors as part of supporting the refugees living in Egypt, a source in the international cooperation ministry with knowledge of the matter told Amwal Al Ghad.

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