Home MoneyFinancial Institutions EU Approves €50 million Grant to Egypt’s SFD – Official

EU Approves €50 million Grant to Egypt’s SFD – Official

by Yomna Yasser

The European Union has recently approved a €50 million grant in favour of the Egyptian Social Fund for Development (SFD), said Ambassador James Moran, Head of EU Delegation to Egypt.

The EU grant is dedicated for boosting employment and vocational training opportunities in Egypt, he added.

According to the Moran, the EU will be signing a number of agreements with the Egyptian government in the coming phase, to support the country’s community development projects.

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