Egypt expects to receive 1.5 billion euros ($1.72bn) from the European Union in the coming days, the first of two remaining tranches of a 5bn euros macro-financial assistance package, Foreign Minister Badr Abdelatty said yesterday.
Speaking at a Press conference in Egypt’s new administrative capital alongside European Commissioner for the Mediterranean Dubravka Suica, Abdelatty said the outstanding 3bn euros would be disbursed in two equal tranches of 1.5bn euros each.
He said Cairo hoped the last payment would be transferred by the start of the autumn.
The EU has so far disbursed 2bn euros of the package, having transferred an initial 1bn euros tranche in January 2025 and a second 1bn euros earlier this year.
The macro-financial assistance forms part of a broader 7.4bn euros funding deal the EU announced in 2024, which also includes 5bn euros concessional loans.
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