Economic Growth: Strengthening the environment for trade and investment
Total assistance, 1975-2004: $13.34 billion
Budgeted for FY 2005: $856.7million
USAID is increasing its microfinance assistance in the coming five years to
more than double the number of poor entrepreneurs who will benefit. In
agriculture, producers receive assistance to develop their own organizations,
enhance technical capacities, and expand domestic and export sales. The dynamic
information and communications technology sector also benefits from USAID's
assistance in training and business formation.
The U.S. has identified Egypt's financial sector as a key force in guiding
the economy towards job-creating investments, and USAID is supporting financial
privatization and
technical strengthening in areas including commercial banking, real-estate
finance, and insurance. The macroeconomic stability required for a growing
economy is a priority concern of the Egyptian government, which is drawing on
U.S. expertise, financed and supported by USAID. Increased openness to
international trade is supported through assistance for improved procedures at
ports, customs reforms, participation in trade-opening initiatives with the WTO,
and continued promotion of U.S.-Egypt trade through the Private Sector CIP for
industrial inputs.
To support Egyptians efforts for more democratic governance and an improved
business environment, USAID will be assisting GOE Ministries, Egyptian law
schools and regulatory agencies to strengthen laws governing the business sector
and to foster transparency and consistent application.
Environment and Antiquities: Managing the environment and natural resources
Total assistance, 1975-2004: $177.6 million
Budgeted for FY 2005: $ 0.5 million
Through policy reform, capacity-building, public-private
partnerships and citizen awareness activities, USAID assists Egyptian efforts to
improve environmental and natural resource management in four areas: Nile water;
Red Sea natural resources; urban/industrial pollution; and energy efficiency.
For more information, contact USAID/Egypt Public Outreach
Office, tel.: (202) 522- 6547,
or visit our web-site: http://egypt.usaid.gov