Egypt and Germany Seal EUR 54 million Debt Swap Agreement to Facilitate Green Energy Transition ...Egypt

Zafarana Wind Farm, Suez, Egypt – September 1, 2020. REUTERS/Amr Abdallah Dalsh The German Development Bank (KfW), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), signed a debt swap agreement worth EUR 54 million (EGP 1.8 billion) with the Ministry of International Cooperation, the Ministry of Electricity and Renewable Energy, and the Central Bank of Egypt. This agreement exempts Egypt from repaying debts amounting to EUR 54 million (EGP 1.8 billion) owed to Germany, enabling it to allocate the funds towards bolstering the transition to green energy in Egypt instead. A press release issued by the German Embassy in Cairo stated that the German governme

Hence then, the article about egypt and germany seal eur 54 million debt swap agreement to facilitate green energy transition was published today ( Monday 26/06/2023 - 01:36 PM ) and is available on Egyptian Streets ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt and Germany Seal EUR 54 million Debt Swap Agreement to Facilitate Green Energy Transition )

Also on site :

• After a decade of failed bills and three years of resignations, Washington finally discovers it cares about AI safety
• Dakota Johnson on Being in Taylor Swift’s ‘Patient Zero’ Music Video: ‘We Respect Each Other’s Creative Minds’
• Donald Trump Once Said President Xi Was Worth a ‘Double-Size Big Mac’—Now He’s Hosting a Lavish State Dinner: Here’s What’s on the Menu