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Minister of Planning and International Cooperation Ashraf el-Arabi held a meeting on 1/3/2013 with Italian Ambassador to Egypt Maurizio Massari on ways of boosting bilateral cooperation in various fields. The two officials reviewed the currently-implemented projects within the framework of the second phase of the Italian-Egyptian debt swap program in the fields of agriculture, technical training, sustainable development, solid wastes and environment.
The Italian government announced that it shifted 100 million dollars of Egypt's debts into grants to fund development and infrastructure projects in Egypt. The Italian diplomat, for his part, said that Italy wants to strengthen ties with Egypt within the upcoming phase, noting that Egypt is a strategic partner to Italy. He affirmed the desire of his country that the ongoing projects that Italy implements in Egypt will meet the demands of the Egyptian side in this current stage.
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