Egypt Leverages Debt Swaps to Ease Burden and Fund Development

  • Egypt signs over \$900 million in debt swap deals with Germany, Italy, and China
  • Agreements aim to reduce financial pressure and support development goals
  • Global debt challenges threaten low- and middle-income countries, especially in Africa
  • Egypt advocates for responsible lending and crisis-based debt suspension
  • Strategy seen as a potential model for other African nations seeking debt relief