Posted by: africanpressorganization | 14 January 2015

Canada Supporting Stability and Prosperity in Egypt


 

Canada Supporting Stability and Prosperity in Egypt

 

OTTAWA, Canada, January 14, 2015/African Press Organization (APO)/ — Foreign Affairs Minister John Baird, on behalf of Christian Paradis, Minister of International Development and La Francophonie, today announced additional support to encourage economic growth and empower women and young people in Egypt.

“Canada is committed to supporting long-term stability in Egypt by funding initiatives that offer meaningful employment and a secure, self-sufficient future for those who need it most,” said Minister Baird. “Our support will help stimulate economic growth, provide jobs for young people and encourage women’s entrepreneurship and employability.”

Canada is providing an additional $5 million for the Decent Employment for Youth Project. In addition, Canada will be launching a $15-million call for proposals to support projects that increase access to financial and non-financial services, resources and markets to increase the employability, productivity and income of women in Egypt.

“Empowering women to be active economic actors has significant potential to increase sustainable economic growth, bring more benefits to women and their families and accelerate poverty reduction,” said Minister Paradis. “The ensuing projects will help to provide the information, skills and tools that Egyptian women need to become active agents of their own future through productive employment and the development of entrepreneurial activities.”

From 2009 to 2014, Canada provided $50 million to Egypt in long-term development assistance. Minister Baird will next travel to Cairo for meetings with senior political and religious figures.

 

SOURCE 

Canada – Ministry of Foreign Affairs


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