Officially, the loan is meant to address Cairo's deteriorating fiscal situation and financial needs, notably after the outbreak of the Gaza war, the Houthi attacks in the Red Sea and the repercussions of the war in Ukraine.
The sum is part of a bigger package worth 5 billion euros.
READ MORE : https://www.africanews.com/2024/04/12/egypt-to-receive-1-billion-loan-from-eu
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The sum is part of a bigger package worth 5 billion euros.
READ MORE : https://www.africanews.com/2024/04/12/egypt-to-receive-1-billion-loan-from-eu
Subscribe on our Youtube channel https://www.youtube.com/c/africanews?sub_confirmation=1 and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
#AfNews
- Category
- Egypt
- Tags
- Economic crisis, Egypt, European Union
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