Egypt’s Foreign Ministry announced Friday that Japan will provide US$16 million in new aid towards stability and development of the African nation’s economy.
According to Egypt’s Daily News, the financial assistance was offered during a meeting in Tokyo between Egypt’s Foreign Minister Nabil Fahmy and his Japanese counterpart Fumio Kishida.
“Japan will continue to extend support toward economic development and socio-economic stability that benefits Egyptian citizens overall, while focusing on Egypt’s progress with the democratisation process and the promotion of youth employment,” the Japanese Minister reportedly told Nabil.
Kishida also pointed out that a grant aid for the construction of a ward for the Cairo University Pediatric Hospital would be made available
On Egypt’s transition to democracy, Kishida commended the progress made with the road map so far.
“The completion of the amended draft constitution is an important milestone in particular, and I will be watching closely the course of the national referendum on January 14 and 15 next year,” he said.