{"id":545675,"date":"2022-04-07T04:00:32","date_gmt":"2022-04-07T04:00:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/were-getting-eur-100-mn-from-the-eu-to-tackle-food-insecurity\/"},"modified":"2022-04-07T04:00:32","modified_gmt":"2022-04-07T04:00:32","slug":"were-getting-eur-100-mn-from-the-eu-to-tackle-food-insecurity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/were-getting-eur-100-mn-from-the-eu-to-tackle-food-insecurity\/","title":{"rendered":"We\u2019re getting EUR 100 mn from the EU to tackle food insecurity"},"content":{"rendered":"

<\/a> The EU is providing Egypt with EUR 100 mn in support to help us tackle rising <\/strong>food prices<\/strong> amid the ongoing war in Ukraine, according to an EU statement<\/a>. The funding is part of a freshly announced EUR 225 mn Food and Resilience Facility for MENA countries.<\/p>\n

What will the money go toward? <\/strong>The aid aims to address commodity shortage emergencies and sustain social safety nets in the short term, and support sustainable agriculture going forward. The funds will focus on \u201cthe most vulnerable people and \/ or the partners most severely affected by the crisis,\u201d the statement read.<\/p>\n

We\u2019re not the only ones in the region getting a helping hand: <\/strong>The EU will hand out by far the biggest chunk of the funding to Egypt, with additional packages worth EUR 5 - 25 mn each allocated to Algeria, Jordan, Lebanon, Morocco, Palestine, Syria and Tunisia. Countries were chosen for funding due to their heavy reliance on Ukraine and \/ or Russian food imports or nitrogen fertilizers, the bloc said.<\/p>\n

\u201cThe EU stands by its partners in these difficult times<\/strong> of economic ordeal caused by the Russian aggression,\u201d said EU ambassador to Egypt Christian Berger in a Tweet<\/a>.<\/p>\n

Russia\u2019s invasion of Ukraine is <\/strong>upending global food supplies<\/a><\/strong> and sending commodity prices soaring<\/strong>. <\/strong>Headline inflation here at home reached a 31-month high<\/a> in February, as rising global prices caused the cost of local food items to accelerate at a rate not seen since 2018.<\/p>\n

The EU funding will help \u2014 but the IMF is likely to provide us with heftier assistance. <\/strong>The government is currently in talks<\/a> with the international lender on a fresh round of assistance, having tapped it for a total USD 20 bn since 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EU is providing Egypt with EUR 100 mn in support to help us tackle rising food prices amid the ongoing war in Ukraine, according to an EU statement. The funding is part of a freshly announced EUR 225 mn Food and Resilience Facility for MENA countries. What will the money go toward? The aid […]<\/p>\n","protected":false},"author":1,"featured_media":545676,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[271,104,72,7192,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-eu","tag-smes","wpautop","entry"],"acf":{"mongo_id":"2cd427aa-f06b-4054-ad8f-a96bc1c9de6a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/159.jpg","photo_position":"above","related_issue":[545665],"teaser":"","voice_url":""},"yoast_head":"\nWe\u2019re getting EUR 100 mn from the EU to tackle food insecurity - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/were-getting-eur-100-mn-from-the-eu-to-tackle-food-insecurity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re getting EUR 100 mn from the EU to tackle food insecurity\" \/>\n<meta property=\"og:description\" content=\"The EU is providing Egypt with EUR 100 mn in support to help us tackle rising food prices amid the ongoing war in Ukraine, according to an EU statement. 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The funding comes within the framework of the EU-Egypt Partnership Priorities for\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/119.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587172,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/eu-afd-to-disburse-new-funds-for-egypt-grain-silos-plus-new-xylem-water-pump-factory\/","url_meta":{"origin":545675,"position":1},"title":"EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory","author":"enterpriseam admin","date":"23 May 2023","format":false,"excerpt":"The EUR 60 mn disbursal is part of a EUR 100 mn package announced last year","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1255.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597372,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/egypt-eu-discuss-eur-110-mn-financing-for-2020-projects\/","url_meta":{"origin":545675,"position":2},"title":"Egypt, EU discuss EUR 110 mn financing for 2020 projects","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"The European Union is planning to provide EUR 110 mn to finance projects in Egypt next year, the Investment Ministry said in a statement. The projects will span water, renewable energy, trade and local development, the ministry said following a meeting between a number of Egyptian ministers and EU officials.\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546315,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/giz-egypt-to-support-waste-management-strategy-with-eur-6-mn-in-funding\/","url_meta":{"origin":545675,"position":3},"title":"GIZ Egypt to support waste management strategy with EUR 6 mn in funding","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Matouk Bassiouny & Hennawy acted as the Egyptian legal counsel to Kora Capital on its participation in Paymob\u2019s USD 50 mn series B round. (Statement, pdf)The Environment Ministry is getting EUR 6 mn from GIZ Egypt to support the new national\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576138,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/11\/smes-to-receive-eur-220-mn-green-funding-boost-from-ebrd\/","url_meta":{"origin":545675,"position":4},"title":"SMEs to receive EUR 220 mn green funding boost from EBRD","author":"enterpriseam admin","date":"11 November 2020","format":false,"excerpt":"Egyptian SMEs who want to go green could be in line for a piece of EUR 220 mn in financing through two on-lending programs from the European Bank for Reconstruction and Development (EBRD), the EU and the Green Climate Fund (GCF), the EBRD said in a press release yesterday. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/117.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547027,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/new-eu-funding-for-food-security-headed-to-silos-agri-smes\/","url_meta":{"origin":545675,"position":5},"title":"New EU funding for food security headed to silos + agri-SMEs","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"EU funding to bolster wheat storage capacity, small farmers: The EUR 100 mn in food security funding announced by the EU in April will go towards upgrading Egypt\u2019s wheat storage capacity and supporting SMEs in the agricultural sector, EU Commissioner for Neighbourhood and Enlargement Oliv\u00e9r V\u00e1rhelyi said on social media\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545675"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545675\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545676"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545675"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545675"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}