Egypt secures €75 million EU funding for local social and economic reforms

President Abdel Fattah El-Sisi has approved a financing agreement between Egypt and the European Union for the "Support for the Implementation of Social and Economic Reforms at the Local Level" program. This agreement, published in the Official Gazette as Presidential Decree No. 730 of 2025, provides a €75 million grant to bolster reform efforts at the local level. The agreement follows the first Egypt–European Union Summit in October 2025, where President El-Sisi participated in discussions to strengthen the strategic partnership. During the summit, a Memorandum of Understanding on Macro-Financial Assistance worth €4 billion was signed to support Egypt’s economic stability, and Egypt joined Horizon Europe, the EU’s research and innovation framework.