Egypt to Receive EUR 90M From European Commission for Food Security

The Ministry of International Cooperation has announced that the European Commission signed a EUR 90 million soft funding agreement to enhance food security in Egypt. The initiative is part of the Food Resilience Project, whose financing totals over EUR 200 million.

The EUR 90 million is specifically being provided by the European Investment Bank (EIB), which aims to improve grain storage and general infrastructure for Egypt’s General Authority for Supply Commodities (GASC).

The GASC previously received USD 100 million in financing to import wheat from the Abu Dhabi Exports Office.