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Abdelatty: German debt swap aids development

Businessmen Team news 28 October 2025 02:34 PM
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Abdelatty: German debt swap aids development

Foreign Affairs and Emigration Minister Dr. Badr Abdelatty expressed Egypt's desire to enhance its partnership with Germany in various fields, including energy, legal migration and labour mobility, vocational training, and cooperation in Africa.

Abdelatty also sought to boost economic, trade, and investment cooperation, citing the economic reforms Egypt has undertaken to improve the business environment and attract foreign investment.

The statement followed a phone call the minister received from German Federal Minister for Economic Cooperation and Development Reem Alabali-Radovan.

Foreign Ministry Spokesman Ambassador Tamim Khallaf stated that the Minister valued the distinguished bilateral relations between Egypt and Germany at all levels, praising Germany's constructive role in supporting development projects in Egypt.

The Minister also expressed anticipation for the convening of intergovernmental negotiations on development cooperation, highlighting the importance of the debt-swap agreements between the two countries, which contribute to supporting development efforts in Egypt.

Abdelatty commended Germany's support for Egypt within the European Union, discussing the outcomes of the Egyptian-European Summit held in Brussels on October 22.

Both sides also touched upon the ongoing arrangements for Egypt's hosting of the International Conference for Early Recovery and Reconstruction in November. Abdelatty explained that the conference will be an important step to unify international efforts to support the Palestinian people, meet their needs, and contribute to reconstruction in accordance with the Arab-Islamic plan and US President Donald Trump's Middle East peace plan. He expressed hope for effective German participation in the conference.