Egypt, Italy sign EGP 70 mn wastewater project financing agreement: The Investment Ministry signed a EGP 70.5 mn agreement with the Italian government on Thursday to finance the third phase of a wastewater project in Minya, the ministry said in a statement. The funding comes as part of a EUR 300 mn debt swap agreement, which allows Egypt to channel its debts into development projects instead of paying back the Italian government.

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