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Egypt reiterates call to finalize EU support deal
Egypt has emphasized the importance of rapidly implementing the European financial support package totaling 7.4 billion euros, which aims to bolster development efforts and stabilize the national economy within the framework of the strategic partnership with the European Union. Egypt is preparing to disburse a tranche of 1.5 billion euros from the total support during 2024 to help address external economic challenges, especially amid the pressures resulting from regional and international crises. This is complemented by the Egyptian government's efforts to increase investments in the energy, artificial intelligence, and industry sectors, while reaffirming the importance of continued European support to sustain its economy and implement economic reform programs.
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