EU to provide Egypt with 7.4 billion euros over three years - official
According to a high-ranking EU Commission official, an agreement for increased cooperation will be unveiled in Cairo this Sunday, which involves the provision of 7.4 billion euros ($8.06 billion) in financing from 2024-2027 to Egypt by the European Union.
- European Union
- Reuters
- Published Date: 01:01 | 17 March 2024
- Modified Date: 01:01 | 17 March 2024
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.
OTHER EUROPEAN UNİON NEWS