Investment and International Cooperation Minister Sahar Nasr had talks on Monday with new Italian Ambassador in Cairo Giampaolo Cantini on boosting bilateral cooperation in the field of debt swap.

During their meeting, Nasr lauded Italian investments in Egypt that reflected strong economic and strategic ties between the two countries. 

She also called on Italian companies to pump more investments into Egypt.

For his part, the Italian diplomat said that the Italian Agency for Development Cooperation will allocate 35 million euros to Egypt in 2018.

The two sides also discussed projects funded by the Italian-Egyptian Debt Swap (IEDS) Program in the fields of education, health, vocational and technical training, environment, antiquities, agriculture and irrigation. 

The Italian-Egyptian Debt Swap (IEDS) Program started in 2001.

Source: MENA