Germany pledges to make 258 million euros available to Egypt as debt swap: Minister ...Egypt

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Germany pledges to make 258 million euros available to Egypt as debt swap: Minister
Egyptian Minister of International Cooperation Rania al-Mashat explained that Egyptian-German developmental cooperation is witnessing remarkable developments, enhancing Egypt’s developmental efforts in various fields. Mashat added that, through joint political declaration, Germany has pledged to make 258 million euros available in the form of debt swaps, grants and concessional financing. The Ministry of International Cooperation announced that it obtained the approval of the House of Representatives for development financing of 54 million euros from Germany to finance the smart energy project within the national platform of the “NWFE” program. The ministry explained in a statement that the

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