Ahmed Kamel – Egypt Daily News
Egypt expects to receive the remaining €4 billion ($4.66 billion) of a previously announced €5 billion macro-financial assistance package from the European Union in three tranches by 2027, Foreign Minister Badr Abdelatty said Thursday.
Speaking at a press conference in Cairo alongside EU top diplomat Kaja Kallas, Abdelatty noted that the first tranche, worth €1 billion, is expected to be transferred in the coming days. This comes after Egypt completed its fifth and sixth program reviews with the International Monetary Fund.
The EU originally announced the €7.4 billion ($8.1 billion) funding package for Egypt in 2024, which included €5 billion in concessional loans. Egypt received the first €1 billion tranche in January 2025. The broader package also includes grants and investment funds and was partly designed to support Egypt amid financial pressures stemming from the Gaza war, Houthi attacks in the Red Sea, and the economic repercussions of the war in Ukraine.
