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Egypt expects to receive €1.5 billion ($1.72 billion) from the European Union in the coming days as part of a massive financial assistance package, Foreign Minister Badr Abdelatty announced on Saturday.
This upcoming payment marks the first of two remaining tranches from a €5 billion macro-financial aid programme.
Speaking alongside European Commissioner Dubravka Šuica at a press conference in Egypt’s new administrative capital, Abdelatty confirmed that the EU will disburse the outstanding €3 billion in two equal instalments, with Cairo targeting the final payout by early autumn.
The EU has already delivered €2 billion of the support package, having transferred an initial €1 billion in January 2025 and a second €1 billion earlier this year.
This macro-financial assistance underpins a broader €7.4 billion funding deal announced by the EU in 2024, which also includes €5 billion in concessional loans to boost Egypt’s economy.
