Egypt expects €1.5 billion EU financial support in coming days

Egypt expects to receive €1.5 billion from the European Union in
the coming days as part of a macro-financial assistance package,
Foreign Minister Badr Abdelatty said during a joint press
conference with European Commissioner for the Mediterranean
Dubravka Šuica.

According to Abdelatty, the €1.5 billion payment will be the
first of the two remaining installments under the EU’s €5 billion
macro-financial support package. The remaining €3 billion is
expected to be disbursed in two equal tranches of €1.5 billion
each.

The foreign minister said Cairo hopes to receive the final
installment by early autumn.

The European Union has already provided Egypt with €2 billion
under the package, including €1 billion transferred in January 2025
and another €1 billion disbursed this year.

The macro-financial assistance forms part of a broader €7.4
billion support package for Egypt announced in 2024. The package
also includes €5 billion in concessional loans aimed at supporting
the country’s economy.

In addition to EU assistance, Egypt is also expected to receive
further financial support from the International Monetary Fund
(IMF). The IMF has given preliminary approval for a new $1.64
billion financing package to help Egypt address the economic
challenges stemming from the war in the Middle East.

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