VOL. XLIV
No. 14
2-APRIL-2001
EGYPT
Germany Agrees To Swap DM75Mn Of Egyptian Debt For Investment
Germany announced on 26 March that it had agreed to swap DM75mn ($34.1mn) of outstanding Egyptian debt for investment in development projects. According to the Egyptian daily al-Ahram, the decision was reached after German and Egyptian officials concluded an annual economic meeting. The debt-to-investment allocations will be used to finance three different water management projects. Bilateral...
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