Egypt Offers Financial Support to GERD

Egyptian foreign minister Nabil Fahmy stated that Egypt offered to finance the construction of the Grand Ethiopian Renaissance Dam (GERD)

and suggested that the dam would be run by a joint committee from the two countries. The minister made this statement during his speech before the Royal Institute for International Relations, in Belgium in line with his participation in EU-African Summit which was held this week in Brussels the capital of Belgium. He also emphasized the importance of serious negotiations to find out solutions that serve the interests of the Nile Basin countries without harming any country.

He also asserted that Egypt would resort to all legal measures to protect its historical rights in Nile water and national security.

Dina Mufti spokesperson of the Ministry of Foreign Affairs (MoFA) told The Reporter that the move made by the Egyptian government to support the GERD through finance is a manifestation that the Egyptians understand the value of the project, and which seems one step ahead.

However, he said that the conditions which are attached with the statement made by the foreign minister such as “To run the project by a joint committee from the two countries” are not acceptable, because it is against the sovereignty of Ethiopia.

Dina also commented that Ethiopia seriously wants to work cooperatively and engage in negotiations with their Egyptian counterparts, therefore the governments of Ethiopia as always requests the Egyptian government to resume the negotiations and discussion over the dam project, which was halted last January. The foreign ministers of the two countries also discussed on other bilateral issues in detail. The Royal Institute for International Relations is an independent think-tank based in Brussels. Its interdisciplinary research is conducted in a spirit of total academic freedom.

Benefiting from the role of Brussels in the global arena and from the prestigious setting of the Egmont Palace, the Institute offers an ideal forum to visiting Heads of State and government, representatives of international organizations, foreign ministers and other political figures.

Conferences, colloquia and seminars nurture the work of the research fellows. They also give participants the opportunity to exchange views with other specialists and with a well-informed public made up of representatives of the political, economic and academic spheres, the media and civil society.

Source : The Reporter

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