Egypt is gearing up for a round of governmental negotiations with Germany before the end of 2025, as both countries seek to strengthen economic and development partnerships, its ministry of planning, economic development and international cooperation said Sunday. Minister Rania Al-Mashat received a report on the current state of Egypt-Germany economic relations, highlighting ongoing technical discussions to set priorities for the upcoming negotiations, including financial allocations for development projects. Germany has long been one of Egypt's key development partners, with bilateral cooperation spanning decades, supporting sustainable economic growth and the achievement of Egypt's Vision 2030 goals, the minister said. The report noted several projects financed through various mechanisms, including debt swap agreements, concessional loans, direct financial contributions, and technical assistance grants. These projects span multiple sectors, including renewable energy, climate change mitigation, water and sanitation, irrigation, migration, and solid waste management, while also enhancing private sector competitiveness. A financial cooperation agreement signed in May 2025 provides €118 million in concessional loans and complementary grants to support initiatives such as 25 Egyptian technical education centres and the country's green energy transition. Additionally, under the Debt-for-Development programme, €240 million has been allocated to fund projects in education, technical training, social protection, health, and renewable energy, with a new €100 million tranche planned for 2024–2026. "The partnership with Germany reflects a long-standing commitment to sustainable development, mutual interests, and economic growth," the ministry said, emphasising the strategic importance of aligning international cooperation with national priorities and enhancing private sector participation. Attribution: Amwal Al Ghad English
