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Egypt expects €1.5 billion from EU assistance package in coming days: Minister

Middle East News

04-07-2026 | 08:34

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Egypt expects €1.5 billion from EU assistance package in coming days: Minister

Egypt expects to receive €1.5 billion ($1.72 billion) from the European Union in the coming days, the first of two remaining tranches of a €5 billion macro-financial assistance package, Foreign Minister Badr Abdelatty said on Saturday.

Speaking at a press conference ⁠in Egypt's new administrative capital alongside European Commissioner for the Mediterranean Dubravka Suica, Abdelatty said the outstanding €3 billion would be disbursed in two equal tranches of €1.5 billion each.

He said Cairo hoped the last payment would be transferred by ⁠the start of the autumn.

Reuters

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