Egypt to receive fresh EUR 1.5 bn from EU this month

The government will receive EUR 1.5 bn from the European Union this month to support its economic reform agenda, European Commission President Ursula von der Leyen said on X following talks with President Abdel Fattah El Sisi during the G7 summit in France. “Egypt is a central and stable partner for Europe in a region in turmoil,” von der Leyen said.

IN CONTEXT- The disbursement follows two previous EUR 1 bn tranches received in January 2025 and January 2026, bringing the total disbursed macro-financial assistance to EUR 3.5 bn out of the EUR 5 bn pledged under the EUR 7.4 bn EU-Egypt Strategic and Comprehensive Partnership signed in March 2024. The partnership includes EUR 1.8 bn in investment agreements and EUR 600 mn in grants.

ALSO- The European Investment Bank (EIB) just signed a EUR 750k technical assistance agreement with Vacsera to pave the way for a EUR 50 mn multi-product vaccine facility.

REMEMBER- Last week, the government secured a EUR 690 mn package from the EU and the EIB to upgrade the electricity transmission network and integrate 22 GW of renewable energy capacity into the grid by 2030.

Regional issues were also on the agenda: Von der Leyen said she and El Sisi discussed diplomatic efforts in the Middle East, including the agreement between the US and Iran.