Brussels, Jan. 15, 2026 (dpa/NAN) The European Fee on Thursday disbursed one billion euros (or 1.16 billion {dollars}) to Egypt in budgetary help as a part of a partnership settlement signed in 2024.
“This funding goes the place it’s wanted most: financial stability, democracy, sustainability, and the rule of legislation,” stated European Fee President Ursula von der Leyen.
The cost is the second disbursement of help, totalling €5 billion, and was topic to a number of situations, the Fee stated.
Egypt has carried out reforms to strengthen financial stability, “taken concrete and credible steps in direction of respecting efficient democratic mechanisms” and stayed on monitor with reforms required by the Worldwide Financial Fund (IMF), in response to a press launch.
“Thursday’s disbursement exhibits “Egypt’s efforts to construct a stronger and greener economic system,” von der Leyen stated.
The EU goals to develop its cooperation with Egypt within the battle towards undesirable migration regardless of criticism from human rights organisations.
Activists declare that the suppression of vital voices in Egypt has endured because the nation’s nearer cooperation with Brussels started.
Critics proceed to be arbitrarily arrested and sentenced to harsh jail phrases in unfair trials.
The apply of extrajudicial executions additionally continues with nearly full impunity. (dpa/NAN)(www.nannews.ng)
(Edited by Emmanuel Yashim)
