SITUATION REPORT

EU, Egypt: EU Prepares $8.1B Aid Package to Egypt With Eye on Migration

Mar 13, 2024 | 15:36 GMT

The European Union is preparing a 7.4 billion euro ($8.1 billion) aid package of grants and loans for Egypt aimed at bolstering the country's ailing economy amid fears that conflicts in Gaza and Sudan may exacerbate Egypt's financial crisis and lead to an immigration outflow toward Europe, the Financial Times reported on March 13....

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