Provisional agreement on the European Union aid was reached between the Council of the EU representing the bloc’s member states and the European Parliament. The two institutions have to formalise the agreement before a first disbursement can be released.
The EU council said the European loan instalments for Egypt would be “linked to satisfactory progress with the implementation of both the IMF programme”.
The EU and Cairo in March 2024 signed a “strategic partnership” which included financial assistance of five billion euros, of which the first billion was given over the following month.
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