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Tuesday, 18 July 2017

Ongoing EU grants to Egypt total c. EUR 1.3 bn between January 2015-May 2017

The European Union has given Egypt grants totalling EUR 1.3 bn between January 2015 and May 2017 according to the EU’s most recent report on the state of EU-Egypt relations. Around 45% of that figure flows into socioeconomic development and job creation while another 45% goes into renewable energy, water, sanitation, and environmental projects. The remaining 10% fund projects related to governance, human rights, and social administration. As Egypt’s “first and most significant donor,” EU member states and European financial institutions provided the country with more than EUR 11 bn in various forms of funding (grants, loans, debt swaps, etc.) during the same period.

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