Photo credit: EPA Photo/Daily Sabah The European Investment Bank (EIB) is set to provide Egypt with a EUR 150 million (EGP 3.8 billion) grant, to assist with local and global food shortages, announced Eefje Schmid, head of the Policy and Impact Unit at EIB Global Strategy and Partnerships Department. The EIB will also be giving Egypt USD 10 billion (EGP 245 billion) between 2023 and 2030 in order to foster the energy sector, Schmid explained. She also noted that the EIB allocates at least EUR 1 billion annually to Egypt. In addition to both grants, the EIB is keen on finalizing its EUR 78 million (EGP 1.9 billion) agreement with Cairo to help implement two wastewater projects in Helwan and F
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