Representatives of the European Union, the European Investment Bank (EIB) and the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) visited yesterday three projects of the second phase of the Community Development Programme, launched in June 2020 together with the Ministry of International Cooperation (MOIC). The visit took place in Port Said governorate, one out of the six that the programme is covering.

The three visited sites are a wastewater network renovation project, El kabooty Youth Centre renovation and maintenance project, and the Ismail El kabany School rehabilitation project. These projects have created more than 12,000 daily jobs for unemployed workers from the community.

The Community Development Programme is funded by a €15 million grant from the European Union under the Neighbourhood Investment Facility (NIF) and is accompanied by a €45 million loan at preferential rates by the EIB. The EU grant aims at improving local infrastructures and services in selected urban communities, employing local workers, while the EIB loan will offer new credit lines to small and medium enterprises.

Ambassador Christian Berger, Head of the European Union Delegation to Egypt, highlighted that this programme helps improve the well-being and the livelihood of communities and is key part of the broader framework of cooperation between the European Union and Egypt, which to date amount to more than €1.2 billion in grants.

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