US President Joe Biden pledged $50m (EGP 947m) during a meeting with Egyptian President Abdel Fattah Al Sisi on 16 July to strengthen Egypt’s food security and help offset the severe global consequences of Russia’s unprovoked and unjustified invasion of Ukraine. Subject to congressional approval, this $50m in funding will — among other things — support Egypt’s smallholder farmers. All of this has resulted in higher food prices and rising food insecurity globally. The US government has also provided technical assistance to more than 500,000 Egyptian smallholder farmers, improving their farm management techniques and access to financial services. Such support has helped Egypt increase its agricultural export revenue by 1,500 percent in the past 20 years.

Source: Daily News Egypt July 26, 2022 18:35 UTC