President Abdel Fattah El Sisi has issued Decree No. 250 of 2024, approving the fourth amendment to a grant aid agreement focused on comprehensive economic governance between Egypt and the United States. The decree was officially published in the Egyptian government’s gazette on Thursday.
The Egyptian Parliament gave its approval for the decree on October 8, 2024, signaling a strong commitment to advancing the economic cooperation between the two nations. The amendment to the grant aid agreement is expected to further support Egypt’s ongoing economic reforms and development initiatives, particularly in the areas of governance and financial management.
The US-Egypt grant aid agreement has been instrumental in fostering economic stability and strengthening institutional frameworks in Egypt, with the latest amendment reflecting both countries’ dedication to expanding their partnership in critical areas of economic development.
The approval of this amendment is a continuation of Egypt’s efforts to enhance its economic governance, while also ensuring closer ties with the US in the face of evolving global economic challenges.
