EU disburses €1 billion in budgetary support to Egypt under 2024 partnership agreement

Yahoo
Yahoo
3h ago
The European Commission disbursed €1 billion to Egypt in budgetary support under a 2024 partnership agreement, while activists and human rights organizations criticized ongoing repression in Egypt.
EU disburses €1 billion in budgetary support to Egypt under 2024 partnership agreement
A What happened
The European Commission disbursed €1 billion ($1.16 billion) to Egypt in budgetary support under a partnership agreement signed in 2024. The commission said the payment was the second disbursement in support totaling €5 billion and was subject to several conditions. A commission press release said Egypt implemented reforms to strengthen economic stability, took steps toward respecting democratic mechanisms, and stayed on track with reforms required by the IMF. Activists said suppression of critical voices continued, with arbitrary arrests, harsh prison terms in unfair trials, and extrajudicial executions continuing with almost complete impunity.

Key insights

  • 1

    EU links budget support to conditions and reform claims: The commission said the €1 billion disbursement was conditional and cited reforms on economic stability, democratic mechanisms, and IMF-required measures.

  • 2

    Human rights criticism persists alongside expanded migration cooperation: Human rights organizations and activists criticized continued repression in Egypt while the EU aims to expand cooperation with Egypt on unwanted migration.

Takeaways

The EU released a second €1 billion tranche of conditional budget support to Egypt while activists reported continued arbitrary arrests, unfair trials, and extrajudicial executions.

Topics

Business & Markets Economy World & Politics International Affairs Human Rights Migration

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