Rédaction Africa Links 24 with MENA
Published on 2024-02-26 10:31:58
The session of the House of Representatives, overseen by First Deputy of the Council Counselor Ahmed Saad Al-Din, saw the approval of a presidential decree No. 612 of 2023 concerning the financial cooperation agreement between Egypt and Germany. This agreement is aimed at financing the National Solid Waste Management Program, providing financial assistance for the Comprehensive Technical Education Initiative, and implementing risk management strategies.
The agreement entails Germany providing financial assistance to Egypt amounting to 80 million euros. This funding is designated for various projects, including supporting the Comprehensive Technical Education Initiative at the Ministry of Education and Technical Education. This initiative aims to establish 25 Egyptian excellence centers, specialized centers, and schools for applied technology. It also includes the creation of sectoral excellence centers in the field of renewable energy and technical schools.
Additionally, the agreement outlines collaboration with the Ministry of Environment to restructure the waste sector at the national level. This includes the implementation of an integrated system for solid waste management in the governorates of Kafr El-Sheikh, Gharbia, Qena, and Assiut. Furthermore, the agreement includes support for risk management mechanisms at the Central Bank of Egypt. This support involves aiding in the restructuring of risk management tools and credit guarantee mechanisms that cater to the developmental needs of small and medium-sized enterprises.
The approval of this agreement signifies a significant step towards enhancing Egypt’s waste management infrastructure, educational initiatives, and financial risk management practices. The financial assistance from Germany will play a crucial role in supporting these key areas of development and promoting sustainable growth in the country.
The implementation of the National Solid Waste Management Program and the Comprehensive Technical Education Initiative is expected to have far-reaching benefits for the Egyptian population. By improving waste management practices and enhancing technical education opportunities, the agreement aims to foster economic growth, environmental sustainability, and social development in the targeted sectors and governorates.
Overall, the approval of the financial cooperation agreement between Egypt and Germany is a positive development that highlights the commitment of both countries to fostering collaboration and supporting key areas of development. This partnership is poised to make a meaningful impact on the Egyptian economy, education system, and waste management infrastructure, paving the way for a more sustainable and prosperous future.
Read Original article on Egypt Independent
