#loan
Egypt has secured the first installment of a EUR1 billion (EGP billion 52) financial package from the European Union (EU). The funds, transferred to the Central Bank of Egypt (CBE) last Friday, aim to stabilize the nation’s economy while addressing financing needs for the fiscal year 2024/2025. Prime Minister Mostafa Madbouly confirmed the development during a press conference following Wednesday's weekly cabinet meeting, stating, “This funding comes at a crucial time, as we continue to implement measures that ensure macroeconomic…
