The European Union will provide Egypt with 7.4 billion euros ($8.06 billion) in financing from 2024-2027 under a deal for expanded cooperation to be announced in Cairo on Sunday, a senior EU Commission official said.
The money will include 5 billion euros of macro-financial assistance, 1.8 billion euros of investments and 600 million euros in grants, the official said.
Of the macro-financial assistance, 1 billion euros of emergency finance will be provided in 2024, the official said.
