Egypt Expects €1.5 Billion EU Aid Tranche Within Days
DUBAI-Egypt expects to receive €1.5 billion ($1.72 billion) from the European Union within days as part of a €5 billion macro-financial assistance programme, Foreign Minister Badr Abdelatty said on Saturday, marking the next stage in a broader funding package agreed between Cairo and the bloc.
Speaking at a joint press conference in Egypt’s New Administrative Capital alongside European Commissioner for the Mediterranean Dubravka Suica, Abdelatty said the remaining €3 billion under the macro-financial assistance programme would be released in two equal installments of €1.5 billion each.
The first of those two tranches is expected in the coming days, while Egypt hopes to receive the final €1.5 billion payment by the beginning of the autumn, Abdelatty said.
The European Union has already disbursed €2 billion under the programme. An initial €1 billion tranche was transferred in January 2025, followed by a second €1 billion payment earlier this year.
The macro-financial assistance programme forms part of a wider €7.4 billion financial package announced by the European Union in 2024 to support Egypt’s economy and strengthen cooperation with the country.
The broader package includes €5 billion in concessional loans in addition to the macro-financial assistance, reflecting the EU’s continued economic engagement with Cairo.
Neither Abdelatty nor Suica provided additional details regarding the conditions attached to the forthcoming disbursement or the precise date on which the funds would be transferred.
The expected payment comes as Egypt continues to rely on external financial support while pursuing broader economic reforms and cooperation with international partners aimed at strengthening macroeconomic stability and investment.
