Egypt, China debt swap agreement benefits health and transportation sectors ...Egypt

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The Rapporteur of the National Dialogue Investment Committee Samir Sabry explained that Egypt’s debt swap agreement with China will see Egypt benefiting from new and renewable energy projects, developing technical education, and projects that will have a direct impact on the health and transportation sectors. During a phone call with CBC channel, Sabry said that these sectors will benefit from the debt swap agreement in the form of investments, not loans, and on the other hand there will be Chinese companies that benefit by entering as foreign direct investors – regardless of what happens in the Middle East. Debt swaps are a new tool used globally within sustainable development, he added. Co

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