Planning: The launch of the National Investment Fund for Education

Economy and stock exchange

The Ministry of Planning, Follow-up and Administrative Reform said that the vision of Egypt 2030 is mainly to engage with the private sector and civil society, pointing out that the initiative of launching the National Charity Fund for Education is a beginning and a good step towards developing the educational process.

The Ministry pointed out that the development of education is the basis of the progress of countries such as Singapore and other countries that have directed their investments and efforts to develop education, which is one of the priorities of the Egyptian state, and that the outcome of this educational process will be seen in the youth creative and innovative adds to his homeland and contribute to a better future for the country .

For his part, Dr. Tarek Shawki, Minister of Education and Technical Education said that the National Investment Fund for Education is a milestone in the Egyptian educational process. He pointed out that most universities in the world have this kind of suspension used to support the educational process. Government budgets to continue to develop and improve the content and attention to the human element of teachers and administrators in addition to solving the problems of classes and densities and provide a good learning environment.

Mahmoud Montasser, CEO of the National Investment Bank, pointed out that the idea of ​​establishing a charitable fund for education was initiated through which investment documents are disbursed from the proceeds of education to its contents, beginning with the development of the educational content itself, and then the teachers, Explaining that the purpose of the fund is to adopt a vision to promote education in Egypt, and that by 2020 the project will be launched and will issue its own documents.

Dr. Ahmed Okasha, a member of the Presidential Advisory Council of Egypt's leading scientists, said that all countries that have been raised have invested in education, pointing out the importance of knowing what will happen in the coming years and that there is sustainability in financing.

"Education is the main driver of any growth strategy," Dr. Dalia Abdelkader, head of the Sustainable Development Committee of the Egyptian Banks Union, said. "The importance of education is the same." Dr. Raouf Ghabbour, Chairman of GB Auto said: Can contribute to shaping the future of Egypt is to build the human and the quality of education for generations to come, as Dr. Salma Bakri, Chairman of the Board of Education Foundation first that the idea of ​​a moratorium on education deals not only with the teacher and student, but it also deals with the main problem that feels By itself, and that this Waqf will be one of the most important projects in the coming period.

Sadiq al-Suwaidi, Chairman of the Board of Directors of Al-Suwaidi Group, stressed that no country can promote development and investment in education, praising the idea of ​​a charitable endowment for education, which will serve as a nucleus for the contribution of society to participate in state-building in terms of education.

The remarks came on the sidelines of the launch of the National Charity Investment Fund for Education to support and develop the educational system in Egypt.

In May, the Ministry of Planning, Follow-up and Administrative Reform witnessed the first founding meeting of the Board of Directors of the National Investment Fund for Education. The meeting discussed the purpose of establishing a charitable investment fund to support education, which is to find a mechanism to provide sustainable funding for educational projects, Support students, in addition to providing a distinguished educational service directed to the disadvantaged and most needy areas, with the management of charitable work and Waqf institutionally and professionally.

It is noteworthy that the Egyptian Ministry of Awqaf is considered the main contributor to the charitable investment fund for education, where it began to invest the large returns achieved by the Endowments Authority currently in the directions perceived by the citizen as building more homes, in addition to directing part of these returns to support the most-favored groups, The idea was to allocate a stop to contribute to the educational process, to allocate all the profits to be spent in full to support the educational purposes, and will increase the fund through the addition of subscribers.