Kouchouk said Egypt’s economic trajectory remains reassuring and well-balanced, with a focus on boosting production and exports while maintaining fiscal discipline.
The move is expected to be formally adopted in the third quarter of 2026, with the decision entering into force 20 days after official approval.
The agreement was concluded between Egypt and the European Union, and is funded through a grant worth €75 million.
Minister of Planning, Economic Development, International Cooperation, Rania Al-Mashat, sais that this €1 billion tranche is directly linked to the completion of 16 structural reform measures, implemented in coordination with key state institutions, including the Central Bank of Egypt and several economic ministries.
In 2024, EU announced a financial package for Egypt amounting to €7.4 billion ($8.1 billion), which includes concessional loans totaling €5 billion.
