2020 witnessed the signing of two agreements within the third phase of the Egyptian-Italian debt swap program for development, including an agreement for the Social Welfare development project in Luxor worth $2.68 million, which is implemented in partnership with the World Food programme and aims to provide an integrated package of development to support the most vulnerable families in Luxor.
The second agreement was also to expand the projects of applied technological schools, and enhance the skills of teachers with a total of $2.6 million, which is used to develop technical education, support the capabilities of graduates, and establish a network that includes a large number of applied schools that are managed through the Applied Technology Schools Administration Unit at the Ministry of Education and Technical Education.
The Ministry of International Cooperation with the United States of America through the USAID have started discussions on expanding the economic cooperation strategy between Egypt and the US during the next five years (2021-2025). The new strategic framework mainly targets economic and social development by supporting structural reforms.
A joint Egyptian-Iraqi High Committee in Baghdad was held for the first time in 30 years with a series of meetings with the presence of the Ministry of International Cooperation as a way to establish industrial, economic and investment development in both countries. With the Egyptian Prime Minister Mostafa Madbouly and the Iraqi Prime Minister Mustafa Al-Kazemi, 15 agreements and memorandums of understanding were signed in aspects such as, strategic development, investment, transportation, infrastructure, agriculture, environment, health, customer rights, legal systems, and industry production.
Moreover, the Agence Française de Développement (AFD) signed a comprehensive package of development financing agreements with Egypt worth 715.6 million euros that are aimed at accelerating the transition to a green recovery and investing in human capital. This covers various sectors including health and transportation. The agreements come within the framework of the 2019-2023 Strategic Partnership in Social and Economic Development between Egypt and France, which is worth one billion euros.