The Cabinet approved during its weekly meeting a presidential decree on the exchange of letters concerning a Japanese yen 500 million grant deal between Egypt and Japan for implementing an economic and social development program.
This agreement fell within the framework of promoting the Egyptian-Japanese relations and implementing the economic and social development program which focuses on digital agricultural transformation.
The grant is meant to improve the living standards of farmers, especially low-income brackets, and expand the use of modern agricultural machines at low costs.
This will help increase agricultural production and expand cultivated lands.
The program’s target governorates are Daqahlia, Gharbia, and Beheira.
The Cabinet – under Prime Minister Moustafa Madbouli – approved another presidential decree on the exchange of letters between Egypt and Japan on financing a 35-billion Japanese yen program aimed at developing policies for enhancing the private sector and supporting economic diversity.
The program seeks to encourage private sector investments by improving the business environment and promoting competition, alongside supporting economic diversity and the green transition.
