The agreement was concluded between Egypt and the European Union, and is funded through a grant worth €75 million.
Minister of Planning, Economic Development, International Cooperation, Rania Al-Mashat, sais that this €1 billion tranche is directly linked to the completion of 16 structural reform measures, implemented in coordination with key state institutions, including the Central Bank of Egypt and several economic ministries.
In 2024, EU announced a financial package for Egypt amounting to €7.4 billion ($8.1 billion), which includes concessional loans totaling €5 billion.
The EU unveiled a broader €7.4 billion support package for Egypt in 2024, which includes €5 billion in concessional loans.
Abdelatty said the upcoming disbursement would be part of a broader €5 billion macro-financial assistance package agreed between Egypt and the EU. Egypt has already received an initial €1 billion tranche under the program.
