The GIZ stated, in a press statement, Monday, that it is implementing, in cooperation with the financial supervision, a strategy to improve banking supervision and regulation, in addition to financial stability and comprehensiveness.
Financed through the Ministry of International Cooperation, the projects come under the ministry’s Global Partnerships Narrative, which is defined by the triple Ps: people at the core, projects in action, and purpose as the driver to achieve the 17 UN Sustainable Development Goals.
Around 85 IDA employees, as well as workers from the New Urban Communities Authority attended the training program.
Rolf said that there are several German companies investing in Egypt, adding that Egypt is ready to cooperate with these companies not only in the field of investment but also in vocational training and development ventures in all spheres.
The agreement stipulates the establishment of two offices in Cairo with the aim of supporting developmental cooperation between Egypt and Germany.
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A wrap-up for the most prominent business news of the day.
The Egyptian bourse will cooperate with GIZ to introduce the Stock Market's mechanisms and frameworks to a number of new judges at economic courts.
Egypt can benefit from various economic programs offered by Germany and the EU, Müller said.
The center comes as part of an agreement signed between Egypt and Germany with the aim of upgrading professional and technical training in Egypt.