EU Approves Egypt's Second Financial Tranche worth €4 Billion

Egypt secures US $290M for water, energy infrastructure projects

Egypt has bagged US $290M to support various strategic sectors, including water treatment, sanitation, renewable energy, and transportation. This follows a signings of signing nine financial and grant agreements between the country, France, and the European Union during French President Emmanuel Macron’s official visit to Egypt. The visit also marked the launch of a new […] The post Egypt secures US $290M for water, energy infrastructure project…

The Twenty-Seven have approved on Thursday a macro-financial assistance for Egypt of 4 billion euros in loans to accompany the country in its reforms, which reflects the European Commission's proposal without modification.

BRUSSELS, 10 (EUROPA PRESS) The Twenty-Seven have approved on Thursday a macro-financial assistance for Egypt of 4 billion euros in loans to accompany the country in its reforms, which reflects the proposal of the European Commission without modifications.This negotiating position, agreed at ambassadorial level, will allow the Council to start negotiations to reach a [...] La entrada The 27 support assisting Egypt with a loan of 4 billion to adv…

EU Approves Egypt's Second Financial Tranche worth €4 Billion

The spokesperson added that the approval of the disbursement of the second tranche of Egyptian financial support, worth €4 billion, is an opportunity to support the reform process in the Egyptian economy, which will then be reflected in the ability to deepen cooperation with the European Union and all EU countries.

Egyptian Finance Minister Ahmed Kouchouk announced that the country is planning to issue Islamic or Sukuk bonds with a total value of USD 2 billion in 2025. These issues, which will be realized through several offers, are part of Egypt's strategy to close its liquidity deficit and diversify its operations.