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EU Looks to Give Four Billion Euros in Aid to Egypt
- Egypt's Minister Rania al-Mashat and EU Commissioner Joseph Sikela announced on May 20, 2025, a €4 billion macroeconomic support to aid Egypt's budget deficit.
- This aid follows ongoing structural reforms and builds on a strategic partnership established in March 2024 to strengthen Egypt-EU economic cooperation.
- The discussions during Sikela's visit included technical preparations for an evaluation mission, private sector investment guarantees, and priorities like sustainable development and green transformation.
- The EU Council stated that loan disbursements will depend on progress with the IMF program, and the €4 billion aid mainly consists of loans to support Egypt's financial obligations.
- This support aims to improve Egypt's economic stability, attract European investment, and advance the green economy, reflecting ongoing commitments under the 2030 Agenda and UN Sustainable Development Goals.
14 Articles
14 Articles
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 clears €4bn loan for Egypt’s economic growth
The European Union (EU) has got clearance to disburse €4 billion ($4.2 billion) in financial aid to Egypt to support its economic growth. “The representatives from parliament and the Polish presidency of the council have secured a provisional agreement on providing Egypt with macro-financial assistance,” the EU said in a statement. Egypt will have 35 years to repay the loans. A short-term loan of up to €1 billion was disbursed at the end of 2024…
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…
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