Egypt-EU talks over €4B funding to start in April: Al-Mashat
Updated 1/14/2025 8:34:00 AM
Arab Finance: Egypt is set to begin negotiations with the European Union (EU) next April to obtain funding worth up to €4 billion, Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation told Asharq Business.
On the sidelines of her press conference, hosted by the National Press Authority in Cairo, Al-Mashat revealed that this funding aligns with the national program for structural reforms implemented by the Egyptian government.
The program includes three main axes: maintaining macroeconomic stability, securing a supportive business environment, reinforcing the private sector, and backing green transformation.
The minister recently discussed the second tranche of the Macro-Financial Assistance (MFA) package with the European Parliament's International Trade Committee Céline Emard.
In 2024, Egypt signed a strategic partnership with the EU for the €7.4 billion financial package, to be received in the form of grants and loans until the end of 2027.
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