CAIRO – 18 August 2021: Egypt and Germany agreed on allocating soft development funds worth EUR 151.5 million from the German side to finance 15 development projects across sectors of technical education, vocational training, and innovation in the private sector, migration, labor, administrative reform, urban development, and renewable energy, according to Ministry of International Cooperation. The ministry added that this comes within the framework of the joint economic relations between Egypt and Germany, which aims to support Egypt’s Vision 2030 and its endeavors to achieve the United Nations’ Sustainable Development Goals (SDGs). Moreover, 24 representatives from the German Federal Ministry for Economic Cooperation and Development (BMZ); the German Federal Ministry for Economic Affairs and Energy; the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety; the German Federal Foreign Office; the German Embassy in Cairo; the German Corporation for International Cooperation (GIZ); and the KfW development bank. This is in addition to the EUR 240 million debt-swap program between Germany and Egypt. During the first half of 2021, 12 development financing agreements worth EUR 197 million were signed within the framework of the joint cooperation strategy with Germany across various priority sectors; pushing towards the achievement of both the local and global development targets.