{"id":16056,"date":"2024-03-17T17:16:53","date_gmt":"2024-03-17T17:16:53","guid":{"rendered":"https:\/\/sudanevents.com\/?p=16056"},"modified":"2024-03-17T17:16:53","modified_gmt":"2024-03-17T17:16:53","slug":"eu-to-provide-egypt-with-8-06-billion-dollars-over-three-years","status":"publish","type":"post","link":"https:\/\/sudanevents.com\/index.php\/2024\/03\/17\/eu-to-provide-egypt-with-8-06-billion-dollars-over-three-years\/","title":{"rendered":"EU to Provide Egypt with 8.06 Billion Dollars over Three Years"},"content":{"rendered":"<p><strong>Sudan Events &#8211; Agencies\u00a0<\/strong><\/p>\n<p>The European Union will provide Egypt with 7.4 billion euros ($8.06 billion) in financing from 2024-2027 under a deal for expanded cooperation to be announced in Cairo on Sunday, a senior EU Commission official said.<\/p>\n<p>The money will include 5 billion euros of macro-financial assistance, 1.8 billion euros of investments and 600 million euros in grants, the official said.<br \/>\nThe package will include billions in loans over coming years and aims to step up Egyptian energy imports to help Europe \u201cmove further away from Russian gas\u201d amid the Ukraine war, a senior European Commission official told reporters.<\/p>\n<p>EU chief Ursula von der Leyen &#8212; who was expected in Cairo, joined by the leaders of Austria, Belgium, Cyprus, Greece and Italy &#8212; was to sign the deals later in the day with Egyptian President Abdel Fattah al-Sisi.<\/p>\n<p>Egypt, mired in a painful economic crisis, borders war-battered Libya and two ongoing conflicts &#8212; the Israel-Hamas war in the Gaza Strip, and Sudan\u2019s war between the regular armed forces and the paramilitary Rapid Support Forces.<br \/>\nEgypt already hosts around nine million migrants and refugees, including four million Sudanese and 1.5 million Syrians, according to the UN\u2019s International Organization for Migration.<br \/>\nHighly indebted Egypt, the Arab world\u2019s most populous nation, is in dire need of financial help as it weathers a severe economic crisis marked by rapid inflation.<br \/>\nEgypt\u2019s economy, dominated by military-linked enterprises and focused on expensive infrastructure mega-projects, has been hit hard by a series of recent economic shocks.<br \/>\nEgypt\u2019s external debt has ballooned to $164.7 billion, and the cost of servicing it is expected to reach $42 billion this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sudan Events &#8211; Agencies\u00a0 The European Union will provide Egypt with 7.4 billion euros ($8.06 billion) in financing from 2024-2027 under a deal for expanded cooperation to be announced in Cairo on Sunday, a senior EU Commission official said. The money will include 5 billion euros of macro-financial assistance, 1.8 billion euros of investments and &hellip;<\/p>\n","protected":false},"author":2,"featured_media":16052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-16056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international"],"_links":{"self":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/16056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/comments?post=16056"}],"version-history":[{"count":1,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/16056\/revisions"}],"predecessor-version":[{"id":16057,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/16056\/revisions\/16057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media\/16052"}],"wp:attachment":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media?parent=16056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/categories?post=16056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/tags?post=16056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}