IMF Approves $1.2 Billion Disbursement for Egypt Amid Economic Reforms

IMF Approves $1.2 Billion Disbursement for Egypt Amid Economic Reforms

Egypt has been implementing economic reforms under the IMF's guidance to address challenges such as high inflation and foreign currency shortages.

Support package: Egypt will receive another 4 billion euros from Brussels, in the hope of reducing migration from that country to the EU. The…

EU Approves €4 Billion Financial Package Tranche for Egypt

The European Parliament approved on Tuesday a second tranche of EUR 4 billion (EGP 219 billion) as part of the European Union’s EUR 7.4 billion (EGP 405 billion) macro-financial assistance (MFA) package for Egypt. The vote passed with 452 members in favor, 182 against, and 40 abstentions. This follows the disbursement of an initial EUR 1 billion (EGP 52 billion) tranche in January 2025 under the same package. The EU’s EUR 7.4 billion (EGP 405 bi…

Egypt Hails EU Parliament Approval of $4.3 Billion Aid Tranche - The Media Line

On Tuesday, Egypt praised the European Parliament’s decision […] The post Egypt Hails EU Parliament Approval of $4.3 Billion Aid Tranche appeared first on The Media Line.

EU clears €4bn funding to support Egypt's economy

The European parliament has approved €4 billion ($4.3 billion) in funding to Egypt to bolster economic resilience in what is the most populous country in the Middle East. The parliament adopted Egypt’s macro-financial assistance with 452 votes in favour, 182 against, and 40 abstentions, it said in a statement.   In March 2024, the EU agreed to a €7.4 billion funding package for Egypt as part of a push to stem migrant flows to Europe. The deal co…

IMF Disburses $1.2 Billion Fourth Tranche to Egypt

The International Monetary Fund (IMF) approved the disbursement of the fourth tranche of its $1.2 billion loan to Egypt after the IMF Board of Executive Directors approved the results of the fourth review of the Egyptian government's economic reform program.