Cairo, 14/11/2012 (Agence Europe) - On 14 November during the meeting of the EU-Egypt taskforce in Cairo, Europeans committed to providing a total of €5 billion in the form of loans and subsidies to Egypt for the 2012-2013 period. The European institutions will commit over €1 billion. From this envelope, €450 million has already been granted, around €250 million is part of the new taskforce package, and €500 million is linked to the IMF loan - including €50 million in donations and €450 million in loans, Bernardino Léon, the special representative of the EU for the southern region of the Mediterranean region, said. On its side, the European Investment Bank (EIB) will release €1 billion per year of potential loans, depending on Egypt's absorption capacity. The European Bank for Reconstruction and Development (EBRD) will also ensure a volume of loans up to €1 billion per year. (CG/transl.fl)