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TunisiaEgypt: MOIC, EU, EIB and MSMEDA launch the second phase of Community Development Program
The Ministry of International Cooperation (MOIC), the European Union (EU), the European Investment Bank (EIB) and the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) have launched the second phase of the community development program with a total financing of EGP 111 million. In the framework of the second phase, MSMEDA signed Framework agreements with five Egyptian governorates to support the provision and enhancement of community facilities, including drinking water networks, sewage networks, paving side roads with interlocking paving, schools, health clinics, and youth centres.
The Community Development Program (CDP) aims at financing investments in community infrastructure to improve living standards for disadvantaged and vulnerable persons living in and around urban centres in several Governorates in Egypt. The program answers multiple Sustainable Development Goals (SDGs) including Decent Work and Economic Growth, Industry, Innovation, Infrastructure and Sustainable Cities and Communities.
The CDP is funded by a EUR 15 million grant from the European Union under the Neighbourhood Investment Facility (NIF) and is delegated to the European Investment Bank. It is implemented in two phases: phase one, worth EGP 113m million, which is focused on the projects to be completed by the end of 2020, while phase two worth EGP 111m is focused on works that will be completed by the end of 2023.
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Countries covered:
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Egypt
