On the evening of Monday 19 May, representatives of the European Parliament and the Polish Presidency of the Council of the European Union reached a provisional political agreement on the EU’s future macrofinancial assistance to Egypt worth €4 billion over the period 2025-2027.
The loans, which will be disbursed in three instalments over a period of 35 years with a grace period for repayment, will be subject to the Egyptian authorities implementing a memorandum of understanding (MoU)...