Finance ministries of Egypt, Greece sign MoU to launch periodic dialogue

Finance ministries of Egypt, Greece sign MoU to launch periodic dialogue

Egypt - Minister of Finance Mohamed Maait has signed a memorandum of understanding with his Greek counterpart to launch a periodic dialogue between the two sides, to exchange visions on issues and topics of financial policies and mechanisms for developing technical cooperation, in line with the depth of bilateral relations in various fields, and the common aspiration to strengthen them.

During their meeting in the Greek capital, Athens, the two sides exchanged views on the economic situation in the two countries, and the effects of the global economic crisis, in which the repercussions of the Coronavirus pandemic intertwine with the challenges posed by the war in Europe, especially the unprecedented wave of inflation, the rise in prices of goods and services, as well as the rise in interest rates.

Mohamed Maait stressed that the Egyptian government is keen to enhance cooperation with the Greek side in various fields, explaining that there are promising projects for electrical interconnection between the two countries, and that Greece could become a gateway for exporting green energy from Egypt to Europe, especially in light of the Egyptian tendency to expand the production of clean energy including green hydrogen.

He referred to Egypt’s aspiration to officially launch the Sustainable