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بوابة الفجر
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EU approves second Egypt budget aid installment
The European Commission has approved the transfer of the second installment of the Egyptian budget support package, amounting to 1.5 billion euros, out of a total of 5 billion euros allocated to Egypt. This decision comes within the framework of the strategic partnership between Egypt and the European Union and reflects the Union's confidence in Egypt's efforts to achieve economic stability and sustainable development. It also completes the financial aid that began in January 2026, following the disbursement of 1 billion euros in the early months of the year. The European support underscores the commitment of the partnership and reaffirms Egypt's position as a pillar of regional stability in the Middle East and the South Mediterranean region.
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