EU invests 1.5B euros in Egypt
The European Commission announced the disbursement of a financial tranche of 1.5 billion euros to Egypt as part of the Comprehensive Financial Assistance Program (MFA). This is the second of three installments, with a total cost of 4 billion euros, aimed at supporting the Egyptian economy and the stability of its financial system. This funding comes after Egypt met the necessary conditions, including implementing the economic policies agreed upon with the European Union, strengthening the rule of law, and respecting human rights, in addition to continuing the International Monetary Fund program. This support enhances the strategic partnership between the European Union and Egypt, which was launched in March 2024, encompassing an overall support package of up to 5 billion euros.
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