CAIRO – Egypt’s Minister of International Co-operation Rania el-Mashat hailed Thursday Egyptian-German economic ties highlighting the fruitful bilateral co-operation that resulted in the signing of 18 financial development agreements worth euros 202 million, with a view to supporting the State’s all-out vision for development.
During a meeting Thursday with German Ambassador in Cairo Frank Hartmann to discuss further promoting Egyptian-German economic co-operation, along with prospects of future co-operation in the developmental sphere, the minister stressed the government’s keenness on promoting ties with Germany to help propel development efforts and incentivise the private sector to overcome challenges impeding the fulfillment of the sustainable development goals.
The meeting is part of the International Co-operation Ministry’s continued keenness on following up on ongoing co-operation in development ventures with multilateral and bilateral partners to guarantee enhancing development efforts.
Earlier in March, the minister inaugurated the First National Forum on the Future of Work in Egypt, organised by the German Agency for International Co-operation (GIZ), within the framework of bilateral co-operation under the slogan “Joining Forces For Tomorrow and Beyond”.
The forum was held under the auspices of the Ministry of International Co-operation, the Ministry of Planning and Economic Development, the Ministry of Education and Technical Education, the Ministry of Manpower and the Central Agency for Public Mobilisation And Statistics (CAPMAS).
It meant to shed light on the Egyptian-German developmental co-operation portfolio amounting to euro 1.7 billion that has so far contributed to financing 30 ventures covering various developmental sectors in the form of loans, technical grants, financial contributions and debt swap programs, including a two-phase debt-swap program worth euro 240 million.
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