The first founding meeting of the National Investment Charity Fund for Education was held on Saturday, in the presence of the ministers of education and planning.
The meeting discussed the purpose of establishing a fund to support education, which is to find a mechanism to provide sustainable funding for educational projects, improve education, and work to support students, provide a supportive environment for the integration of people with simple disabilities in pre-university education, and improve the quality of private education schools. This is in addition to providing excellent educational service-oriented areas of the disadvantaged and the neediest.
President of the National Investment Bank and Chairperson of the Sustainable Development Committee of the Union of Egyptian Banks also attended the meeting.
The minister of planning said that the idea of the fund comes within the framework of the state’s interest in developing education.
Meanwhile, the ministry of education described the fund as a milestone in the Egyptian educational process in the future.
The ministry further added that the fund will be separate from the government and will be managed by a board of directors composed of a group of founders and experienced members from different sectors of the Egyptian society.
Last week, the Minister of Education Tarek Shawky urged the ministry of finance to increase the education reform’s budget by EGP 11bn to be EGP 110bn.