EU Approves €4 Billion Financial Package Tranche for Egypt

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.

Addis Ababa, 3 Apr (Latin Press) Ethiopia and the European Union (EU) today signed a grant agreement for 240 million euros under the Annual Action Programme 2024 (PAA-2024), reported the Ministry of Finance. The post EU Grant will support Ethiopia's Annual Action Programme (+Photos) first appeared on News Prensa Latina.

EU approves €4bn loan for Egypt

The European Parliament has approved the second tranche, worth €4bn, of the European Union’s (EU) Macro-Financial Assistance (MFA) package for Egypt. The announcement was made by the Egyptian Ministry of Planning and Economic Development, and International Cooperation in a statement following Tuesday’s session on April 1st. Members of the European Parliament (MEPs) approved two proposals, granting loans of €500m to Jordan and €4bn to Egypt. The …

Egypt’s Strategic Macro-Financial Assistance (MFA) Partnership with the European Union: A €4 Billion Boost to Economic Stability - Top 50 Women Forum

Egypt’s Minister of Planning, Dr. Rania Al-Mashat,  praised the European Parliament’s recent approval of the second tranche of the Macro-Financial Assistance (MFA) facility for Egypt, amounting to €4 billion. This decision, passed during a plenary session on Tuesday, is a crucial step towards enhancing Egypt’s economic resilience. MFA: A Key Pillar of Economic Support The MFA facility, established to help stabilize Egypt’s economy, forms a criti…