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Egypt receives $1.16 billion from EU as part of assistance package

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Egypt has received 1 billion Euros ($1.16 billion) from the EU

Egypt has received 1 billion Euros ($1.16 billion) from the European Union (EU) and is set to receive a total of 3 billion Euros ($3.48 billion) in two tranches in 2026, the International Co‑operation Ministry said.

 

The grant is part of a 5 billion Euro ($5.82 billion) macro‑financial assistance package from the EU. Egypt received the first tranche in January 2025.

 

–Reuters–