Talks underway to disburse 2nd tranche of European aid to Egypt, worth €4 billion

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania al-Mashat, held a negotiating meeting with the relevant national authorities and representatives of the European Commission to follow up on completing the economic component of the second phase of the Macroeconomic and Budget Support Mechanism, valued at four billion euros.

The Friday meeting discussed the structural reforms required for the second phase, in preparation for a final agreement on the executive measures required by national authorities, in light of the European Parliament’s vote to approve the final reading of the resolution, paving the way for the disbursement of the second tranche of financial support.

Mashat said that the meeting comes as part of the ongoing coordination between the government and the Commission, regarding the implementation of the second phase of the Macroeconomic Support Mechanism, which builds on the one billion euros in funding provided during the first phase, which was disbursed in December 2024.

She added that the Investment Guarantee Mechanism, launched during the “Development Financing to Empower the Private Sector” conference, opens the door to new foreign investment through guarantees amounting to €1.8 billion.