Egypt to support Nepal in its smooth LDC graduation

Published On: July 24, 2024 08:00 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, July 24: Ambassador of Nepal to Egypt, Noha Elgebaly, said Egypt would extend all possible support to Nepal in attaining its goal of graduating to a developing country by November 2026.

Addressing a reception hosted here on Tuesday evening with Vice President Ram Sahay Prasad Yadav as the chief guest on the occasion of the National Day of Egypt, the Egyptian ambassador said her country would help Nepal smoothly transition to the status of a developing country.

Egypt wants Nepal's socio-economic progress and political stability, she said, adding that Egypt and Nepal have been collaborating on the issues of shared concerns in multilateral forums, including the Non-Aligned Movement (NAM), G-77 and the United Nations.

Noting that Egypt and Nepal share partnership on issues of mutual interest, including climate change, Ambassador Elgebaly said NAM's founding member Nepal is a close friend of Egypt.

The bilateral relations have been further strengthened since the establishment of diplomatic relations with Nepal in 1957, she said, adding the Pyramids of Egypt and the Mount Everest (Sagarmatha) of Nepal have become the attractions for tourists from all over the world.

Egypt has offered opportunities to 300 Nepali students for higher studies, she said, adding that she was committed to increasing the scholarship quota in the future.

The ambassador also said that the consultative mechanism between the two countries would soon take a decision in this regard.

She further said the two countries still have a lot to do in the areas of economic partnership, investment and trade. The 1962 Revolution had turned to be the driver of Egypt's development, Ambassador Elgebaly said the National Day had inspired the people of her country to move forward on the path of continuous development while maintaining the glorious history.

Heads and officials of diplomatic missions, high-ranking officials of the government, entrepreneurs and senior media persons were present on the occasion.