AFD to lend Egypt EUR 60 mn to finance first phase of Universal Health Insurance scheme

AFD to lend Egypt EUR 60 mn to finance first phase of Universal Health Insurance scheme: The French Agency for Development (AFD) is granting Egypt a EUR 60 mn loan to finance the first phase of Egypt’s health insurance scheme, which is set to roll out in June, AFD senior project officer Dina Khalil said. The new loan is expected to be signed during French President Emmanuel Macron’s visit to Cairo in January, Khalil said, without providing further details on the loan.

On a related note, nine French companies formed a consortium to help Egypt develop its healthcare sector and improve the country’s pharmaceutical industry, according to a statement from the Investment and International Cooperation Ministry. France has already invested EUR 31 mn in healthcare projects across five Egyptian governorates, Investment Minister Sahar Nasr said, according to the statement.