#economic challenges
The European Parliament approved on Tuesday a second tranche of EUR 4 billion (EGP 219 billion) as part of the European Union’s EUR 7.4 billion (EGP 405 billion) macro-financial assistance (MFA) package for Egypt. The vote passed with 452 members in favor, 182 against, and 40 abstentions. This follows the disbursement of an initial EUR 1 billion (EGP 52 billion) tranche in January 2025 under the same package. The EU’s EUR 7.4 billion (EGP 405 billion) agreement with Egypt, signed…
