EU commits 1.5 billion euros to Egypt
The European Commission announced the disbursement of 1.5 billion euros to Egypt as part of the comprehensive economic support program, within a total package of 4 billion euros to support the Egyptian economy. This funding comes within the framework of the partnership between the European Union and Egypt, aimed at meeting the financial needs to maintain economic stability and implement economic reforms, while taking into account conditions related to the rule of law and human rights. Egypt has met the necessary requirements to receive this tranche, in accordance with agreements with the European Union, as part of a support plan extending until 2026.
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