SFD obtains $90m for short-term employment investments

The Social Fund for Development (SFD) has obtained $90m as part of the Emergency Labour Intensive Investment Project, according to the SFD’s Social Development department head Medhat Ismail Thursday.

The investment injection will be used to create short-term employment opportunities for unskilled and semi-skilled workers, Ismail added.

Signed in 2013, the SFD has cooperated with the European Union and World Bank to finance the project, which costs $200m in total.

Ismail explained, in a Thursday press conference, that the fund is focusing on the neediest villages in Egypt. He added that they have succeeded in reaching more than 200 charity organizations and in generating 10,000 job opportunities for women.