The European Commission is set to sign a €75 million package to support to Egypt in a high-level summit with the European Union that will take place on Wednesday in Brussels, an EU official told Euronews.
The grant aims to promote socio-economic development, strengthen resilience, and foster inclusive growth through improved access to health, education, water, and sanitation, especially for women and youth, the official informed.
Egypt played a vital role in facilitating a ceasefire agreement in Gaza. It also hosted an international conference aimed at implementing the first phase of the Gaza peace earlier this month. US President Donald Trump was in attendance alongside European and Arab leaders.
The funding is part of a macro-financial framework adopted in March 2024, which foresees a total investment of €7.4 billion to Egypt between 2024 and 2027.
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