Ursula von der Leyen: €1.5 billion to support Egypt’s reform agenda in 2024

Ursula von der Leyen: €1.5 billion to support Egypt’s reform agenda in 2024
Europe issues €1.5 billion to Egypt

Ursula von der Leyen affirms that Egypt remains a central and stable partner for Europe in a turbulent region.

She states that the 2024 partnership is progressing with €1.5 billion to be issued this month for Egypt’s reform agenda and around $8 billion in investments already mobilized to further strengthen economic collaboration.

Von der Leyen previously highlighted the EU Chips Act for generating over €32 billion in semiconductor investments. She also noted the swift ratification by Ukraine’s parliament enabling a €90 billion support loan for the country. These initiatives form part of the EU’s ongoing push to finance regional stability and sector development.

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