Finance
Egypt expects remaining 4 billion euros in EU financial package by 2027
Published by Global Banking & Finance Review®
Posted on January 8, 2026
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 8, 2026
1 min readLast updated: January 20, 2026
Egypt anticipates the remaining 4 billion euros from the EU's financial package by 2027, with the first tranche of 1 billion euros expected soon.
CAIRO, Jan 8 (Reuters) - Egypt expects the remaining 4 billion euros ($4.66 billion) of a previously announced 5 billion macro-financial assistance package from the European Union to be disbursed in three tranches by 2027, Foreign Minister Badr Abdelatty said on Thursday.
Speaking at a press conference in Cairo alongside the EU’s top diplomat Kaja Kallas, Abdelatty said Egypt hopes the first tranche, worth 1 billion euros, will be transferred in the coming days, after Cairo completed its fifth and sixth programme reviews with the International Monetary Fund.
The EU announced in 2024 a 7.4 billion euro ($8.1 billion) funding package for Egypt, including 5 billion euros in concessional loans. Egypt received the first 1 billion euro tranche in January.
The package also includes investments and grants, and was partly a response to Egypt’s worsening financial position following the Gaza war, Houthi attacks in the Red Sea and the economic fallout from the war in Ukraine.
($1 = 0.8577 euros)
(Reporting by Alexander Dziadosz, Ahmed Elimam, Editing by Alexandra Hudson)
Macro-financial assistance refers to financial support provided by international institutions, like the EU or IMF, to help countries stabilize their economies during crises.
A tranche is a portion or slice of a financial arrangement, such as a loan or investment, that is disbursed at different times or under specific conditions.
A financial package is a set of financial resources, such as loans, grants, or investments, provided to support a country's economic needs or development projects.
The International Monetary Fund (IMF) is an international organization that provides financial assistance and advice to member countries to promote global economic stability.
A concessional loan is a type of loan that is offered at lower interest rates or with more favorable terms than standard loans, often to support development projects.
Explore more articles in the Finance category
