The European Union pledges €1 billion to Egypt as short-term financial aid.
The value of Egyptian exports to EU member declined 31.8% year on year, amounting to $11.8 billion
Several European officials, including European Commission President Ursula von der Leyen and the prime ministers of Greece, Belgium, and Italy, are expected to arrive in Cairo next Sunday to finalize and announce the agreement
These announcements provide additional details to Maait's previous statement, wherein he mentioned that our collaboration with the International Monetary Fund (IMF) has the potential to secure a combined amount of $20 billion in foreign assistance.
The World Bank and the European Union will provide soft loans to Egypt after signing the agreement with the IMF, according to Madbouly
