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Jan 15 • 12:35 UTC • 🇶🇦 Qatar • Al Jazeera

One billion euros from the European Union to Egypt as part of a package of soft loans

Egypt has received one billion euros from the European Union as the first tranche of the second phase of a financial support mechanism aimed at bolstering the economy and public budget, with a total of three billion euros expected by 2026.

#european union #egypt #loans #economic support #rania al-mashat
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