In 2024, EU announced a financial package for Egypt amounting to €7.4 billion ($8.1 billion), which includes concessional loans totaling €5 billion.
According to its statement, the efforts aim to optimize resource allocation toward priority sectors while encouraging private sector participation.
The program aims to support the green transition in the industrial sector, reduce emissions, and enhance the competitiveness of Egyptian industry.
The agreements include €171.5 million in soft loans, debt-swap arrangements, and grants to support projects in renewable energy under the NWFE program, solid waste management, and investment climate enhancement.
The meetings follow the signing of the second phase of the Macro-Financial Assistance (MFA) program during the Egypt–EU Summit in Brussels last October, co-chaired by President Abdel-Fattah El-Sisi and European Commission President Ursula von der Leyen.
