Italian Egyptian Debt for Development Swap Programme

Overview

Italian-Egyptian Debt for Development Swap (IEDS) Programme represents a joint impressive commitment resulting from the longstanding Italian-Egyptian partnership. In line with the Debt-Swap principles and policies that contribute to the reduction of Egypt’s foreign debt to be converted for financing development initiatives, the Programme’s actions have been prioritized in order to be socially and economically equitable and sustainable across all sectors of interventions.

Italy and Egypt have been cooperating in the field of development through the debt swap mechanism since 2001, the year of the signature of the bilateral Agreement of the IEDS for the first phase which was successfully concluded in 2008. The amount of this agreement was approximately USD 149 million, which funded 53 initiatives promoted by governmental entities and the civil society.


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NO Comment 11th February 2018

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