EU Looks to Give Four Billion Euros in Aid to Egypt

EU looks to give four billion euros in aid to Egypt

The EU said Monday it would give Egypt another four billion euros ($4.5 billion) in aid in the form of loans to allow Cairo to meet part of its financial needs, along with an IMF loan programme already in place. Provisional agreement on the European Union aid was reached between the Council of the EU representing the bloc's member states and the European Parliament. The two institutions have to formalise the agreement before a first disbursement…

EU Pledges €5 Billion in Support for Egypt’s Economic Reforms

The EU will provide Egypt with assistance of up to €5 billion in macro-financial assistance which will go to support economic reforms that underlie the IMF programmes and improve governance.

Egypt's Planning Ministry announces 4 billion euros in budget support from EU - Egypt Independent

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat announced that efforts are in place alongside the European Union (EU) to implement a macroeconomic support mechanism and support the state’s budget deficit with a value of four billion euros. She affirmed the Egyptian government’s appreciation for the economic partnership with the EU and the upgrade of relations to a strategic partnership. Mashat added that…

The negotiators of the European Parliament and the Council agreed this Tuesday to grant macro-financial assistance to Egypt of EUR 4 billion in loans to accompany the country in its reforms, support which the Greens in the European Parliament criticized as having lowered the obligations in the area of the rule of law and human rights which often include such aid.

European Union (EU) institutions agreed to provide 4 billion euros of financial support to Egypt.

Egypt’s Amb. to EU Stresses Importance of Strategic Co-op, Regional Peace

Ahmed Abu Zeid, Egypt’s Ambassador to Belgium, the European Union (EU), NATO, and the Grand Duchy of Luxembourg, met with members of the European Parliament's Delegation for Relations with the Mashreq Countries.