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Japan Pledges $240 Million for Egyptâs Clean Energy Sector Published February 17th, 2021 - 09:11 GMT
Egyptâs development finance portfolio reached nearly $25 billion (EGP 391 million) until early February. (Shutterstock)
Highlights
The development financing is represented by the Japanese Embassy and the Japan International Cooperation Agency in Cairo.
Japan is securing $240 million (EGP 3.75 billion) for Egyptâs energy sector and budget support, upon an agreement signed with the international cooperation and finance ministries, according to a February 15
thstatement.
The development financing is represented by the Japanese Embassy and the Japan International Cooperation Agency in Cairo.
The ongoing development finance portfolio between Egypt and Japan currently totals $2.71 billion (EGP 42.39 billion) in 14 projects, Minister of International Cooperation Rania al Mashat unveiled. The funds are distributed across many vital sectors like electricity, educat
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