### The new egy of Egypto-Française cooperation: an issue for the sustainable future
On April 7, in a fertile diplomatic context, Egypt laid the foundations for a significant advance by signing nine financing agreements with the French Development Agency (AFD) during the official visit of French President Emmanuel Macron in Cairo. These agreements, of a value totaling 262.3 million euros, are not only a gesture of good will, but also illustrate a broader dynamic of cooperation which could reach significant economic and social benefits for the two nations.
#### Diversity of projects at the service of shared prosperity
Those who closely follow Franco-Egyptian relations know that this alliance goes far beyond the simple financial transactions. Although the projects published on the front of the stage are mainly focused on three priority sectors-transport, water, and energy-it is interesting to look at the underlying framework of this cooperation. Half of the commitments from the Intergovernmental Agreement (AGA) for the period 2021-2025 is included in these new agreements. This demonstrates a supported commitment to a common future.
This type of financing could be compared to the practices of other nations, such as Germany with its initiative of “sustainable development”, which has made waves in several African countries. By training and transfer of technology, Germany, like France, invests in sustainability, but with different methods of execution. AFD’s approach makes it possible to capitalize on the technical expertise of French companies, a sector whose innovation is recognized worldwide.
#### The social dimension: more than an economic relationship
The impact of these projects is not limited to traditional economic indicators. Indeed, they also respond to crucial social and environmental issues. In the midst of a climate crisis, the emphasis on the energy sector, in particular via renewable energies, could serve as a catalyst for the transformation of local communities. The transition to a green and sustainable economy is at the heart of the United Nations 2030 agenda, and these agreements provide a unique opportunity for Egypt to position itself as a regional leader in this area.
It is essential to note that the success of these partnerships will also depend on the commitment of local authorities and civil society. Transparency in the use of funds and the consultation of communities affected by projects will be essential to ensure that these initiatives actually provide tangible profits to the population.
#### A partnership model: towards reindustrialisation
While Egypt seeks to diversify its economies by developing sectors such as industry and digital technology, these agreements with France could also inspire a partnership model that encourages other nations to invest in infrastructure and innovation in Africa. In 2020, Africa received around $ 42 billion in direct foreign investment, a sum which could explode if countries like France succeed in establishing a precedent with Egypt.
A comparative analysis shows that similar links between developing and developed countries have often resulted in mutual successes. Take the example of collaboration between the United Kingdom and Kenya in the sustainable agriculture sector, which has increased local productivity while creating an environment conducive to export. Such comparisons highlight the enormous potential of well -structured cooperation.
#### Conclusion: the prospects of a common future
In conclusion, this agreement between Egypt and France presents itself as a vital democratic opportunity to inscribe the country in a sustainable economic and social dynamic. The sum of commitments not only reflects a desire for economic development, but also an aspiration to depth the life of the Egyptians. If local and international actors manage to combine their efforts, these agreements could lay the groundwork for a lasting future, where innovation encounters social equity.
The eyes of the world are now riveted in this new era of cooperation, and everything suggests that the history of Egypt may well be rewritten with the help of strategic partners such as France. The key will lie in the way in which these commitments will result in the field in the years to come. By closely monitoring these developments, investors, citizens and observers of the international scene could discover that the future of Egypt is taking shape under a new and promising light.