The European Commission has disbursed €1 billion to Egypt as the second tranche of its Macro-Financial Assistance (MFA) program, reinforcing the growing strategic and comprehensive partnership between the European Union and Egypt.
The payment is part of a broader €5 billion loan package agreed under the EU–Egypt partnership framework. The first tranche of €1 billion was released at the end of 2024, with the remaining amounts to be disbursed in stages based on reform progress.
The macro-financial assistance, approved in March 2024, is designed to support Egypt’s ongoing economic and political reform agenda, particularly efforts aimed at strengthening macroeconomic stability and resilience, improving the business and trade environment, boosting competitiveness, and advancing the green transition. The program is intended to deliver tangible benefits to the Egyptian people by supporting sustainable growth and development.
Angelina Eichhorst, the European Union’s Ambassador to Egypt, said the release of the second tranche reflects Egypt’s commitment to defining and implementing key economic and political reforms. She noted that these reforms are laying the groundwork for long-term growth and development.
Eichhorst also highlighted the momentum of EU–Egypt relations, describing the partnership as experiencing unprecedented dynamism and delivering concrete results across multiple sectors.
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