Egypt is in talks with Germany over a new debt swap agreement worth €100 million, to be disbursed in two tranches, International Cooperation Minister Rania Al-Mashat said Sunday. Speaking at a joint press conference in Cairo with Foreign Minister Badr Abdel-Aty and Germany's Minister for Economic Cooperation and Development Reem Alabali-Radovan, Minister Al-Mashat said the first tranche is expected in December 2025 and the second in June 2026. The new deal would build on a longstanding debt swap programme between the two countries, under which portions of Egypt's debt to Germany are converted into local investments in priority sectors such as education, climate, and infrastructure. "These negotiations reflect the strength of Egyptian-German development cooperation and shared priorities in supporting sustainable development projects," Minister Al-Mashat said. With the new agreement, the total value of debt swaps between Egypt and Germany would reach €340 million, according to the Ministry of International Cooperation. The announcement came during a broader visit by the German minister to Cairo, where officials from both sides discussed economic partnerships, regional developments, and support for Gaza reconstruction efforts. Attribution: Amwal Al Ghad English
