US EditionEgypt Receives 1 Bln Euros From EU in Development Assistance Package
- Egypt has received 1 billion euros in concessional development financing from the European Union, as announced by Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat.
- The financing is the first tranche of the second phase of macro-financial assistance and follows 16 implemented economic and structural reforms in Egypt, according to Al-Mashat's ministry statement.
- The reforms aim to improve macroeconomic stability and enhance public finance management, as stated by Al-Mashat.
- This financing is part of a larger EU support package totaling 7.4 billion euros, with more funds expected in 2026, according to Al-Mashat.
13 Articles
13 Articles
Ursula von der Leyen states that this funding will be channelled by Egypt where it is more necessary: economic stability, democracy, sustainability and the rule of law.
On Thursday, the European Commission announced that it had contributed EUR 1 billion to Egypt as part of a long-term support programme. ...
Commission provides €1 billion in macro-financial assistance to Egypt - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com European Union News
(Credit: Unsplash) This article is brought to you in association with the European Commission. Today, the European Commission disbursed €1 billion in Macro-Financial Assistance (MFA) to Egypt, an important commitment of the EU-Egypt Strategic Comprehensive Partnership signed in March 2024. Ursula von der Leyen, President of the European Commission said: “Egypt is an important strategic partner for the European Union. Today’s €1 billion payment…
EU Disburses €1bn Second-Phase Macro-Financial Support to Egypt Following Reforms – The North Africa Post
Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]
EU releases €1 billion second tranche as part of €5 billion strategic loan to Egypt
Following Egypt’s receipt of the second installment of European Union (EU) financial aid totaling €1 billion, Angelina Eichhorst, the EU Ambassador to Egypt, emphasized that this disbursement reflects Egypt’s commitment to identifying and implementing key economic and political reforms. She noted that these measures are paving the way for sustainable growth and development. “I am …
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