Signal EU disburses €1.5 billion to Egypt under Macro-Financial Assistance programme

Summary

The European Union disbursed 1.5 billion euros to Egypt under its Macro-Financial Assistance programme, intended to support economic reform and longer-term macroeconomic stability. The disbursement follows the Egyptian government's implementation of policy reform conditions attached to the programme. Those conditions included strengthening public finance management, improving the business environment and advancing governance reforms at state-owned enterprises. Green-transition measures covering water resource management and energy efficiency were also part of the conditions. The disbursement shows EU financial support being linked directly to both conventional economic-governance reforms and climate-related policy conditions.