Italy Drops $100m of Egypt’s Debt, Provides $75m to Develop Wheat Silos
The Italian ambassador to Cairo Michele Quaroni said that Rome is keen to transfer Italian technology to Egypt in cooperation with the Ministry of Supply and Internal Trade, thanking the Italian debt swap program, which is currently developing 6 silos in Egypt with the support of the Italian government.
Quaroni added that the Italian debt swap program dropped $100 million of Italian debt owed to Egypt, noting that $75 million had been allocated from the program to develop 6 advanced technological silos for storing grain in Egypt.
During his speech at the opening of the field silo in Minya al-Qamh, Quaroni explained that the locations of the silos were chosen to be close to the production sites and close to the farmers.
Read also
Conflict and inflation increase pressure on Iran’s olive oil producers
Ukraine’s corn export problems could help the US set a record for a second consecu...
India plans to grow peanuts with sugarcane to reduce vegetable oil imports
Ukraine exports only a third of its agricultural potential due to port blockade — ...
Romania denies Ukrainian grain is given rail priority to Constanta
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon