Minister of International Cooperation Sahar Nasr said that the ministry’s plan in 2017 is based on grants for development projects from international financial institutions. Nasr said that the ministry is moving this year to provide direct funding to several provinces, including ones in Upper Egypt. She pointed out that demand on development projects has increased from 10% early 2016 to 60% by the end of the year. Nasr said that this year will see the inauguration of many development projects that had received funding in the past two years. As for cooperation with Arab funds, she said that the Ministry of International Cooperation is working to open permanent channels of cooperation and negotiation with Arab financing funds to contribute to funding development projects in Egypt.

Source: Daily News Egypt January 21, 2017 16:25 UTC