International cooperation: €1.7 billion on-going development cooperation portfolio with Germany

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The Ministry of International Cooperation said that the ongoing development cooperation portfolio with Germany amounts to 1.7 billion euros, through which 30 projects have been financed in the form of loans, grants, technical support and financial contributions, benefiting many sectors, including energy efficiency, renewable energy, sanitation, irrigation, and subsidies. Water, solid waste management, migration, the labor market, innovation in the private sector, technical education, vocational training, urban development, administrative reform, women, youth and social development, in addition to the exchange program between Egypt and Germany, worth 240 million euros.

Dr. Rania Al-Mashat, Minister of International Cooperation, praised the strategic partnership between the Arab Republic of Egypt and Germany, which aims to enhance government efforts to achieve development in various sectors, including providing job and employment opportunities, developing infrastructure, and developing education, in order to support the implementation of the country’s development vision 2030. She pointed out that among the important projects for the German side is the establishment of a system of rapid electric train lines, which is implemented in cooperation between the National Authority for Tunnels and the German company Siemens.

This came when the Minister of International Cooperation, Frank Hartmann, received the new German ambassador to the Arab Republic of Egypt, to discuss areas of joint cooperation within the framework of the state’s development priorities, and the position of ongoing projects with the relevant Egyptian ministries and authorities, within the framework of the Ministry of International Cooperation’s keenness to follow up on the ongoing development cooperation portfolio of partners Multilateral and bilateral development, and coordination with relevant parties to ensure the achievement of the desired results from projects implemented with development partners.

Al-Mashat said that the rapid electric train lines system aims to establish 3 electric train lines in implementation of presidential directives in this regard. The first line (Ain Sukhna – New Alamein to Matrouh), the second line (October – Aswan), the third line (Qena – Hurghada – Safaga).

Dr. Rania Al-Mashat, Minister of International Cooperation, added that the third and final tranche of the second phase of the debt swap program with Germany is worth 80 million euros, explaining that there is a list of projects expected to be implemented in many development sectors, noting the importance of starting the implementation of the school feeding project to combat dropout. of education and child labor, which runs out in cooperation with the World Food Program.

During the meeting, the Minister of International Cooperation congratulated the new German ambassador in Cairo on his position, and also reviewed the ministry’s strategy to advance the prospects for economic and development cooperation with multilateral and bilateral development partners, through economic diplomacy through three principles, namely the platform for joint coordination cooperation, and matching development financing with the UN goals for sustainable development. The strategy of listing international engagements based on three main factors; The citizen is the focus of attention, the ongoing projects, and the goal is the driving force, with the aim of documenting development stories and raising public awareness of them.

for his part; The German ambassador praised the depth of the economic cooperation relations between the Arab Republic of Egypt and the Federal Republic of Germany, and the successful ongoing projects that are being implemented in cooperation between the Egyptian and German sides, the most prominent of which are: the Egyptian-German Center for Migration and Reintegration, with a grant of two million euros for the benefit of the Ministry of State for Migration and Egyptian Affairs Abroad in cooperation With the German Agency for International Cooperation, which was opened last year.

It was also agreed on the importance of arranging field visits to the most prominent projects implemented in cooperation between the Egyptian and German sides, to present success stories and the extent to which these projects contribute to improving the lives of Egyptian citizens and contributing to the implementation of the goals of the 2030 Agenda for Sustainable Development.

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The article International Cooperation: €1.7 billion The ongoing development cooperation portfolio with Germany was written in Al Borsa newspaper.