Egypt has closed 12 development financing agreements worth €197 million within the framework of the joint cooperation strategy with Germany during the first half (H1) of 2021 in order to support Egypt’s development vision and implement a number of projects in various sectors, Minister of International Cooperation Rania Al-Mashat said on Sunday.
The agreements cover energy, vocational training, enhancing partnerships with the private sector, and empowering women sectors in Egypt.
Two financial and technical cooperation agreements were signed with the German government, securing €57.5 million worth of grants to finance projects in the sectors of energy efficiency, renewable energy, technical education, vocational training, and innovation to the enhance private sector, administrative reform, water support, and sanitation.
“These two financial and technical cooperation agreements enhance the implementation of Egypt’s sustainable development goals (SDGs) agenda, including SDG4: Quality Education, SDG 5: Gender Equality, SDG 8: Decent Work and Economic Growth, SDG 9: Industry, Innovation and Infrastructure, SDG 16: Peace, Justice and Strong Institutions, and SDG 17: Partnerships For The Goals,” Al-Masht explained.
Al-Mashat added that 10 executive contracts were signed with the German Corporation for International Cooperation (GIZ) in the form of grants, including the amended contract of the Youth against Sexual Harassment (YASH) project worth €4 million for the Ministry of Youth and Sport; the contract for the development of Micro, Small and Medium-sized Enterprises (MSMEs) project worth €14 million directed to the Ministry of Trade and Industry; as well as the €8 million contract for building institutional capacities in public administration by integrating best international practices.
A contract also was signed for the second phase of the employment support project worth €14.5 million and the Enhancement of the Egyptian Dual System (EEDS) project worth €14.9 million both provided for the Ministry of Education and Technical Education; the executive contract for the National Solid Waste Management Programme (NSWMP) worth €6 million for the Ministry of Environment; as well as the Agricultural Innovation Project (AIP) worth €7 million for the Ministry of Agriculture and Land Reclamation.
Al-Mashat pointed out that the ministry is working on strengthen economic relations with multilateral and bilateral development partners through the principles of Economic Diplomacy, commending cooperation with Germany that fosters national development efforts in various sectors through development financing agreements and debt exchange.
“Coordination is taking place with Germany to make available the third tranche of the second phase during the next year, after communicating and coordinating with relevant authorities in Egypt and receiving proposals on priority projects,” Al-Mashat elaborated.
The ongoing development cooperation portfolio with Germany amounts to €1.7 billion, through which 30 projects were financed in the form of funds, technical support grants, and financial contributions, which benefited many development sectors.
Within the framework of the debt swap program with Germany, the first phase, worth €70 million was completed, during which several projects were implemented in the field of school feeding, improving the quality of education, rehabilitating hydroelectric stations, developing Assiut Barrages, as well as projects to improve drinking water and sanitation services.
The first tranche of the second phase of the program, worth €10 million, was provided for the Ministry of Education and Technical Education for the Education Quality Support Project (Phase II).
Furthermore, the second tranche of the second phase of the program, worth €80 million, was allocated to the implementation of several projects: the “Investing in Human Capital in Rural Upper Egypt” project for the benefit of the World Food Program (WFP) and in cooperation with the Ministry of Education and Technical Education; and the Water Management program aiming to improve drinking water and sanitation services in the governorates of Qena, Assiut, Minya and Sohag; and finally, the new comprehensive technical education and vocational training initiative.