{"id":556407,"date":"2021-10-25T04:24:14","date_gmt":"2021-10-25T04:24:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/"},"modified":"2021-10-25T04:24:14","modified_gmt":"2021-10-25T04:24:14","slug":"egypt-could-get-eur-1-bn-for-development-from-eu-by-2027","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/","title":{"rendered":"Egypt could get EUR 1 bn for development from EU by 2027"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Egypt could receive up to EUR 1 bn from the EU over the next six years to help <\/strong><strong>drive \u201clong-term socio-economic development and recovery,\u201d<\/strong> EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said yesterday at <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, according to <a href=\"https:\/\/ent.news\/2021\/10\/CWW-speech.docx.pdf\">prepared remarks (pdf)<\/a>. The plan, which comes as part of the EU\u2019s wider EUR 7 bn deployment of funds to the southern Mediterranean, sets water security as one of its top priorities. The EU will work with the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) to \u201csupport Egypt\u2019s efforts to combat climate change, protect the environment and ensure sustainable food systems,\u201d according to a <a href=\"https:\/\/ent.news\/2021\/10\/CWW-PRL-En.docx.pdf\">press release (pdf)<\/a>.<\/p>\n<p><strong>The EU is one of the largest providers of development finance to Egypt<\/strong>, Varhelyi noted. Over the past 14 years, the EU and European financial institutions have contributed a total of EUR 3 bn to water projects in Egypt, with the EU alone contributing EUR 550 mn in grants. These funds have gone largely towards labor-intensive infrastructure projects to create jobs and contribute to poverty reduction.<\/p>\n<p><strong>Varhelyi also talked cooperation with El Sisi + Shoukry:<\/strong> The EU-Egypt Partnership Priorities for 2021-2027, cooperation against extremism and terrorism, and covid-19 vaccination efforts were among the topics Varhelyi discussed in a sit-down with President Abdel Fattah El Sisi yesterday, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/430101728478561\">statement<\/a>. Foreign Minister Sameh Shoukry met separately with the commissioner to talk strategic cooperation<sup><\/sup>, with the minister highlighting the need for the EU\u2019s support in tackling Egypt\u2019s widening <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b7042bbd-cedd-44cb-aefb-6ea18b372cd4\">trade balance deficit<\/a>, and encouraging European investors to tap into Egypt\u2019s \u201cunique investment climate.\u201d Health Minister Hala Zayed <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/190086439969245?__cft__[0]=AZW8aarrdfURRLAH9ST1Eb84wPVv1wSpygTPQN3OQhBYmFzd2O9VJL6-U9YJMAv975trXrjJfucB8xLXLl_u5c15rz3O_l1CL7LVY0ukt3zL8WYxoa-GPrKdeniC0lWz2lthE5cL8q7vjEjBHiMmQcIf&__tn__=%2CO%2CP-R\">also met<\/a> with Varhelyi to discuss vaccine manufacturing in Egypt.<sup><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt could receive up to EUR 1 bn from the EU over the next six years to help drive \u201clong-term socio-economic development and recovery,\u201d EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said yesterday at Cairo Water Week, according to prepared remarks (pdf). The plan, which comes as part of the EU\u2019s wider EUR 7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":556408,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[101,571,72,7192,760,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-development-finance","tag-ebrd","tag-enterpriseam","tag-eu","tag-european-investment-bank","tag-water","wpautop","entry"],"acf":{"mongo_id":"ef5bb7ad-6f4d-41d0-9f8c-1bca27980648","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/257.jpg","photo_position":"above","related_issue":[556401],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt could get EUR 1 bn for development from EU by 2027 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt could get EUR 1 bn for development from EU by 2027\" \/>\n<meta property=\"og:description\" content=\"Egypt could receive up to EUR 1 bn from the EU over the next six years to help drive \u201clong-term socio-economic development and recovery,\u201d EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said yesterday at Cairo Water Week, according to prepared remarks (pdf). The plan, which comes as part of the EU\u2019s wider EUR 7 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-25T04:24:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/257.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt could get EUR 1 bn for development from EU by 2027\",\"datePublished\":\"2021-10-25T04:24:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/\"},\"wordCount\":288,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/257.jpg?fit=%2C&ssl=1\",\"keywords\":[\"development finance\",\"EBRD\",\"EnterpriseAM\",\"EU\",\"European Investment Bank\",\"water\"],\"articleSection\":[\"Development finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-could-get-eur-1-bn-for-development-from-eu-by-2027\/\",\"name\":\"Egypt could get EUR 1 bn for development from EU by 2027 - 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The finance, which would be used to upgrade existing rolling stock and purchase new locomotives, is still being reviewed by\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561825,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/ebrd-has-lots-in-the-pipeline-for-egypt\/","url_meta":{"origin":556407,"position":1},"title":"EBRD has lots in the pipeline for Egypt","author":"enterpriseam admin","date":"22 April 2021","format":false,"excerpt":"Fresh investment and cooperation in Egypt\u2019s development projects are coming from the European Bank for Reconstruction and Development (EBRD) to continue supporting the government\u2019s Egypt Vision 2030. That was the main takeaway from EBRD President Odile Renaud-Basso\u2019s meeting yesterday with President Abdel Fattah El Sisi.Renaud Basso told El Sisi EBRD\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590080,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/ebrd-has-more-than-usd-530-mn-for-egypt-with-banks-getting-the-lions-share\/","url_meta":{"origin":556407,"position":2},"title":"EBRD has more than USD 530 mn for Egypt, with banks getting the lion\u2019s share","author":"enterpriseam admin","date":"13 July 2023","format":false,"excerpt":"NBE, Banque Misr, and Mediterrania Capital Partners will receive financing from the European lender","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598011,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/ebrd-eu-extend-eur-7-3-mn-financing-package-to-farm-fresh\/","url_meta":{"origin":556407,"position":3},"title":"EBRD, EU extend EUR 7.3 mn financing package to Farm Fresh","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"The European Bank for Reconstruction & Development (EBRD) and the EU have extended a EUR 7.3 mn financing package to frozen vegetables exporter Farm Fresh to build a new factory in Alexandria, the EBRD said in a statement. The bank will provide a EUR 2.1 mn loan and Ahli Bank\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575042,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/30\/govt-requests-another-eur-250-mn-from-ebrd-for-abu-qir-metro-project\/","url_meta":{"origin":556407,"position":4},"title":"Gov\u2019t requests another EUR 250 mn from EBRD for Abu Qir metro project","author":"enterpriseam admin","date":"30 September 2020","format":false,"excerpt":"DEBT WATCH- More EBRD funds in the pipeline for Abu Qir metro conversion project? The European Bank for Reconstruction and Development (EBRD) has received a formal loan request from the government for EUR 250 mn to partially fund a project to convert Alexandria\u2019s Abu Qir railway into an underground metro,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579284,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/ebrd-and-partners-fund-more-green-finance-for-smes-ebrd-bii-lend-usd-100-mn-to-bdc\/","url_meta":{"origin":556407,"position":5},"title":"EBRD and partners fund more green finance for SMEs + EBRD, BII lend USD 100 mn to BdC","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"DFIs to fund more green projects + privatization candidate BdC gets funding: More funding for green projects will be available to local SMEs courtesy of the European Bank for Reconstruction and Development (EBRD), the EU, and the Green Climate Fund. Meanwhile, EBRD and British International Investment said they would provide\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/6.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=556407"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556407\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556408"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556407"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556407"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}