Egypt received its second EU tranche, with one EUR 1.5 bn payment left on the EUR 5 bn package

The European Commission disbursed EUR 1.5 bn to Egypt on Thursday, EUR 4 bn Macro-Financial Assistance (MFA) program statement

The Commission’s statement credits Egypt with improving public financial management

IN CONTEXT– land by end-June January’s first EUR 1 bn tranche the EUR 7.4 bn EU-Egypt Strategic and Comprehensive Partnership in 2024

BACKGROUND- EUR 690 mn grid-upgrade agreement

Also on the EU front: statement

IN OTHER DEBT UPDATES

The European Bank for Reconstruction and Development (EBRD) project disclosure

The trucks come with a separate EUR 400k EBRD investment grant

The new warehouses would lift GBL’s storage capacity by about 10%,

IN CONTEXT- EGP 1.3 bn facility to Ibnsina Pharma USD 65 mn bridge loan to Hassan Allam Utilities EGP 600 mn loan to Valu