EU Boosts Ties With Egypt Through €7.4 Billion Aid Package
- Assistance focuses on areas including economy, migration
- Official voice concern over humanitarian situation in Gaza
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The European Union pledged a €7.4 billion ($8.1 billion) aid package for Egypt, the latest push by the international community to buoy the struggling economy of a North African nation seen as vital to regional stability.
The mix of grants and loans, announced by European Commission President Ursula von der Leyen on Sunday, would be disbursed through 2027 and help the nation of some 105 million people overcome its worst economic crisis in decades. Joining her in Cairo were leaders from countries including Italy, Greece and Cyprus.