The meetings follow the signing of the second phase of the Macro-Financial Assistance (MFA) program during the Egypt–EU Summit in Brussels last October, co-chaired by President Abdel-Fattah El-Sisi and European Commission President Ursula von der Leyen.
The Ministry of Planning, Economic Development and International Cooperation held extensive consultations in the New Administrative Capital with two delegations from the European Commission, focusing on structural reforms and development financing under the economic dimension of the Egypt–European Union Strategic Partnership.
The meetings follow the signing of the second phase of the Macro-Financial Assistance (MFA) program during the Egypt–EU Summit in Brussels last October, co-chaired by President Abdel-Fattah El-Sisi and European Commission President Ursula von der Leyen.
From 10 to 12 November, a high-level delegation from the Directorate-General for Economic and Financial Affairs held technical discussions with Egyptian officials regarding the policy framework linked to the €1 billion first tranche of the MFA’s second phase.
Minister Rania Al-Mashat emphasized that the partnership with the EU is a cornerstone of Egypt’s reform trajectory, strengthening macroeconomic resilience during global economic fluctuations. The second phase of the MFA, valued at €4 billion, is tied to a matrix of 87 structural reforms under Egypt’s National Structural Reform Program.
In parallel, from 9 to 13 November, the Ministry held consultations with the Directorate-General for Neighbourhood and Enlargement Negotiations to discuss priorities for allocating €600 million in development grants for the 2026–2027 cooperation period.
The discussions resulted in the signing of a €75 million financing agreement to support the Local Implementation of Social and Economic Reforms Program under the NDICI–Global Europe framework. Additionally, the EU announced €110.5 million in new funding for 2025 to support sustainable development, economic governance, vocational training, and skills development.
These engagements fall under the €7.4 billion Egypt–EU Strategic Partnership package for 2024–2027, which includes, €5 billion in concessional MFA financing, €1.8 billion in investment guarantees, and €600 million in development grants.
The Ministry noted significant progress in recent months in activating cooperation frameworks, reflecting the depth of Egypt–EU relations and a shared commitment to stability and sustainable development.
The first Egypt–EU Summit, held on 22 October in Brussels and co-chaired by President El-Sisi, President of the European Council António Costa, and President of the European Commission Ursula von der Leyen, marked a pivotal moment in advancing bilateral engagement.
The summit reinforced the Strategic and Comprehensive Partnership launched in March 2024, which is structured around 6 key pillars: political cooperation, economic stability, trade and investment, migration and mobility, security and demography, and human capital development.
pillars: political cooperation, economic stability, trade and investment, migration and mobility, security and demographic cooperation, and human capital development.
