The European Commission has disbursed €1.5 billion in macro-financial assistance to Egypt, the second of three scheduled instalments under a €4 billion loan programme aimed at stabilising the North African country's economy.
Friday's payout follows a first €1 billion instalment transferred in January and an earlier short-term €1 billion facility granted in late 2024, bringing total EU macro-financial support to €5 billion. The funds form a core pillar of the EU-Egypt Strategic Partnership concluded in March 2024, an agreement driven in part by rising migration flows across the Mediterranean.
Egypt has separately been working with the International Monetary Fund under a loan programme originally agreed in December 2022 for $3 billion and expanded to $8 billion in March 2024, as Cairo contends with a foreign-currency crunch and heavy debt-servicing obligations.