Initiative timeframe: 2005/2016
Total initiative costs
- Loans -
- Grants € 895,891.7
Dati finanziari aggiornati al 1.12.2015
The whole of Egypt.
The Debt for Development Swap is an instrument conceived to reduce the foreign debt, and, in the meanwhile, to guarantee a positive impact on the socio-economic development situation of the borrowing Country. The conversion mechanism works as a transaction where the government of the crediting Country withdraws part of the foreign debt of the borrowing country, in exchange for a commitment by the debtor's government to invest the corresponding amount in initiatives, bilaterally agreed, aiming at poverty reduction and development, according to national priorities. The Italo-Egyptian Debt Swap (IEDS) Programme started in 2001 and, up to date, comprehends three distinct phases which are characterised by different methodologies and approaches, as well as timings. The Phase 1 (agreement signed in 2001) has been completed, while the Phases 2 (agreement signed in 2007) and 3 (agreement signed in 2012) are currently being implemented. A Swap Fund has been dedicated to the Programme and used for the implementation of projects, in accordance with the guidelines and programmatic principles shared by both Countries, and aiming to promote the socio-economic development of Egypt. In addition, a technical support unit to the IEDS' management committee has been constituted, thanks to a grant of the Italian Ministry of Foreign Affairs and International Cooperation, to ensure the effective and efficient use of the resources and the optimal implementation of all three IEDS' phases' projects. The strategy adopted under the Programme attracts the attention of the Egyptian government on different sectors, from the application of communication and information technology, to rural development, to the environmental sector and the management of water resources, without leaving behind crucial themes, such as protecting the rights of women and children. The IEDS, in addition to ensuring the contribution of other donors and the commitment of substantial national resources, allows the initiation of partnerships between national and international organizations, as well as with government institutions and Non-Governmental Organizations (NGOs). In all concerned areas, Italy offers an added value in terms of transfer of skills, know-how and technologies, including through the involvement of Italian academic institutions and centers of excellence, which provide a solid experience in various fields of intervention. read more close
Reduce Egypt's foreign debt and promote its socio-economic development.
|Purpose||Other debt swap|
|Sector||Action relating to debt|
|Agency||MAE - Direzione Generale per la Cooperazione allo Sviluppo|
|Counterpart authority||Government of Egypt|
|Other financiers||The total project cost is related to the amount to be cancelled during the Phase II as stated in the agreement signed in 2007 (USD 100 million). Out of them, up to now, 71 million USD ca. have been converted.|
The Egyptian government in its full capacity and all the direct and indirect beneficiaries of the different projects implemented during the three phases.
|Title||€ Committed||€ Used|
|Swap Bilateral Agreement signed on 03/06/2007 - Tranche||3,863,286||26,573,872|
|Project without name||96,728||96,728|
|TECHNICAL SUPPORT UNIT WITHIN THE DEBT FOR DEVELOPMENT SWAPPROGRAMME - II PHASE||164,746||154,793|
The document (written in Italian) provides a brief description of the Italo-Egyptian Debt Swap (IEDS) Phase 1 (2001-2008).
|Date||March 11, 2015|
The document (written in Italian) provides a brief description of the Italo-Egyptian Debt Swap (IEDS) Phase 2 (2007-2017).
|Date||Dec. 1, 2015|
This Study was commissioned by the management Committee of the IEDS Programme, headed by the Egyptian Minister of International Cooperation and the Ambassador of Italy in Egypt, to an independent team of experts headed by Prof. Samir Radwan.
|Date||Oct. 12, 2008|
IEDS' Annual Report 2006 (Phase 1)
|Date||May 15, 2006|
The document (written in Italian) provides a brief description of the Italo-Egyptian Debt Swap (IEDS) Phase 3 (2012-2023).
|Date||Dec. 1, 2015|
This document is the final report of the IEDS Phase 1 (2001-2008).
|Date||Nov. 15, 2008|
IEDS' Annual Report 2007 (Phase 1)
|Date||May 15, 2007|
Second mid-term Evaluation Report of the IEDS Programme - Phase 1 (2006).
|Date||April 26, 2006|
Agreement on Debt-for-Development Swap between the Government of the Arab Republic of Egypt and the Government of the Italian Republic (Phase 1).
|Date||Feb. 19, 2001|
IEDS' Annual Report 2009 (Phase 2)
|Date||May 15, 2009|
Agreement on Debt-for-Development Swap between the Government of the Arab Republic of Egypt and the Government of the Italian Republic (Phase 2).
|Date||June 3, 2007|
IEDS' Annual Report 2010 (Phase 2)
|Date||May 15, 2010|
The report is the final result and deliverable of the joint work of an evaluation team coordinated by Marco Zupi (team leader) and composed of Paolo Navone (senior expert), Sara Monti and Sara Hassan (experts). The team worked in collaboration with the local partner company North South Consultants Exchange that took care of the qualitative and proximity interviews with beneficiaries. All the team members participated to the preparation of interviews and to the synthesis of their analysis. All of them contributed to the elaboration of the final report by drafting and commenting specific chapters and jointly elaborating synthesis chapters, conclusions, recommendations and lessons learnt.
|Date||Nov. 15, 2013|
Agreement on Debt-for-Development Swap between the Government of the Arab Republic of Egypt and the Government of the Italian Republic (Phase 3).
|Date||May 10, 2012|
The document (written in Italian) gives a brief overview of the Italian Egyptian Debt Swap Programme in all its three phases (from 2001 up to March 2015) and it contains information regarding funds and agreements between the two countries.
|Date||March 10, 2015|
IEDS' Annual Report 2013 (Phase 2)
|Date||Dec. 15, 2013|
Experts appointed to lead the Technical Support Unit to the Managing Committee (Phase 2) -
|Type||Technical Assistance/Consultancy and related expenses|
|Procedure||Direct Contracting/Direct Assignment|
|Procurement notice||Tender preparation|
Technical Support Unit to the Managing Committee (Phase 2) - running costs.
|Type||Works, Supply, Services|
|Procurement notice||Tender preparation|