Title: Canada Fund for Local Initiatives (CFLI) – Egypt – 2010-2011
Maximum CIDA Contribution: $ 205,500
Executing Agency: Embassy of Canada to Egypt
Description
The Canada Fund for Local Initiatives (CFLI) is designed to support small projects proposed and implemented by local organizations in Egypt. In providing funding for small projects that offer direct social, economic, or technical assistance to local populations, the CFLI contributes to the overall goal of reducing poverty.
CIDA’s programming in Egypt is closely aligned with the country’s economic plan, The Sixth Five-Year Plan 2007-2012, which seeks to create employment through market reforms, stimulating investment and promoting private sector participation in the economy.
The goal of CIDA’s program in Egypt is to help the country generate economic growth by strengthening the enabling environment for small and medium-sized enterprises and providing skills for employment to marginalized people.
Issues
Economic growth
In order to encourage private sector growth, CIDA is continuing to help Egypt provide financial services (such as banking, loans and micro-finance), as well as business developement services (such as identifying new markets, designing products and improving account management) to small and medium-sized enterprises.
CIDA is also helping Egypt to provide skills for employment to marginalized people, particularly women and young labour market entrants, to boost the productivity of the private sector. This may include training and technical assistance, apprenticeships, entrepreneurial skills and literacy.
Progress on Aid Effectiveness
Egypt adheres to the Paris Declaration on Aid Effectiveness. Although some progress has been made toward donor harmonization, alignment and mutual accountability, improvements are needed in local ownership, namely in identifying national priorities, and results-based monitoring frameworks.
For further information and details, visit this link.
