Financial Package
Egypt FM emphasized the importance of enhancing communication between Egypt and the EU for the European Parliament's approval of the second tranche, which amounts to €4 billion.
The European Union is reportedly preparing the $8 billion to relieve pressure on the Egyptian economy as concerns over the impact of the ongoing war on Gaza continue to grow
The Executive Board of the International Monetary Fund (IMF) approved Egypt’s request for emergency financial assistance of SDR 2,037.1 million ($2.772 billion)
Egypt Today reviews goals behind this request according to the announced data.
This package is to enhance the state’s capabilities to face the new COVID-19 virus crisis, in a proactive step based on the successful implementation of the economic reform program.
