Egypt expects the remaining 4 billion euros of a 5 billion-euro EU aid package to be disbursed by 2027.
Foreign Minister Badr Abdelatty announced the plan Thursday during a press conference with EU diplomat Kaja Kallas in Cairo.
The first tranche, worth 1 billion euros, is expected in the coming days after Egypt’s latest IMF programme reviews.
The EU initially pledged 7.4 billion euros in 2024, including 5 billion in concessional loans for Egypt’s struggling economy.
Egypt already received the first tranche of 1 billion euros in January, marking the beginning of the multi-year support.
The package also includes grants and investments, aimed at easing financial pressures caused by regional conflicts and global crises.
Officials cited challenges such as the Gaza war, Houthi attacks in the Red Sea, and Ukraine war-related economic fallout.
Abdelatty said the EU funds would help stabilise Egypt’s economy, supporting reforms and maintaining fiscal sustainability over time.
The cooperation underscores Europe’s role in assisting Egypt amid mounting regional instability and growing economic vulnerabilities.
Financial and diplomatic observers noted the timing reflects both Egypt’s urgent funding needs and the EU’s strategic interest in stability.
The funding package represents one of the largest macro-financial support initiatives for Egypt in recent decades, analysts emphasised.
Cairo and Brussels continue dialogue to ensure smooth disbursement, with both sides stressing transparency and adherence to agreed economic benchmarks.
