{"id":661719,"date":"2025-03-04T00:00:00","date_gmt":"2025-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/04\/planning-minister-eu-mediterranean-commissioner-discuss-strategic-partnership-economic-ties\/"},"modified":"2025-03-04T00:00:00","modified_gmt":"2025-03-04T00:00:00","slug":"planning-minister-eu-mediterranean-commissioner-discuss-strategic-partnership-economic-ties","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/04\/planning-minister-eu-mediterranean-commissioner-discuss-strategic-partnership-economic-ties\/","title":{"rendered":"Planning Minister, EU Mediterranean Commissioner discuss strategic partnership, economic ties"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt, EU explore future economic relations:<\/strong> Planning and International Cooperation Minister Rania Al Mashat met with Dubravka \u0160uica, the EU's new Commissioner for the Mediterranean, to discuss the future of economic relations between Egypt and the European Union, according to a <a target=\"_blank\" href=\"https:\/\/mped.gov.eg\/singlenews?id=6051&lang=ar&%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D9%88%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D8%AA%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D8%A7%D9%84%D9%85%D9%81%D9%88%D8%B6%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A-%D9%84%D8%B4%D8%A6%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7\" style=\"\" rel=\"noopener\">statement<\/a>. The meeting, attended by EU Ambassador to Cairo Angelina Eichhorst and officials from the European Investment Bank and European Commission, focused on enhancing the strategic partnership between the two sides.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two officials discussed unlocking promised funds and mobilizing even more:<\/strong> The meeting also discussed implementing the second phase of the EU\u2019s macro-financial assistance and budget support program, worth EUR 4 bn. Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95254a02-0f1f-4adc-a493-30f9aa484aa6\/egypt-receives-first-eur-1-bn-tranche-under-macro-financial-assistance-package-from-the-eu\" style=\"\" rel=\"noopener\">received the first EUR 1 bn<\/a> of the EUR 5 bn package late December and is expected to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/032883a5-975e-4bca-84cd-3e330e4876a7\/it%25e2%2580%2599s-the-fifth-and-final-day-of-davos-2025#:~:text=Egypt%20expects%20to,back%20in%20March.\" style=\"\" rel=\"noopener\">finalize its agreement<\/a> with the EU to receive the remaining EUR 4 bn by June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all: <\/strong>The Planning Ministry is also coordinating with relevant ministries to formulate programs for the wider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/183954ef-4dc7-49c8-9499-743e77de1e74\/eu-pledges-eur-7.4-bn-aid-package-for-egypt\" style=\"\" rel=\"noopener\">EUR 7.4 bn financing package<\/a>. Al Mashat also noted that work is underway to establish an investment guarantee mechanism between Egypt and the EU, which aims to activate EUR 1.8 bn in European investment guarantees to mobilize around EUR 5 bn in investments for green transformation and other priority sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Last year, the EU pledged a EUR 7.4 bn package of loans, grants, and investments through to 2027. The package includes EUR 5 bn in concessional loans to provide macro-financial assistance, EUR 1.8 bn of additional investments under the Southern Neighborhood Economic and Investment Plan, and EUR 600 mn in grants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u0160uica first day in town was also plenty eventful: <\/strong>During her <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8d6c3d6-4ef7-42ed-ad42-bb56ba28315f\/egypt-secures-eur-90-mn-loan-from-the-eu,-eib-to-boost-food-resilience\" style=\"\" rel=\"noopener\">first day<\/a> of her Egypt visit, \u0160uica met with a number of high-level officials including President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, and Foreign Minister Badr Abdelatty. She also inked an EUR 90 mn loan with the Madbouly government, which will go towards supporting Egypt\u2019s food resilience. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The meeting discussed implementing the second phase of the EU\u2019s macro-financial and budget support program<\/p>\n","protected":false},"author":1,"featured_media":661720,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7262],"tags":[168,72,7192,443],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseam","tag-eu","tag-international-cooperation-ministry","wpautop","entry"],"acf":{"mongo_id":"99a64add-432e-4b58-8420-0680e7e5ef3f","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/229.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Planning Minister, EU Mediterranean Commissioner discuss strategic partnership, economic ties","related_issue":[661708],"teaser":"The meeting discussed implementing the second phase of the EU\u2019s macro-financial and budget support program","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.a967d624-13b5-454a-b146-e505ce8c002d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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