𝐄𝐔 𝐭𝐨 𝐟𝐢𝐧𝐚𝐥𝐢𝐳𝐞 𝐦𝐮𝐥𝐭𝐢𝐛𝐢𝐥𝐥𝐢𝐨𝐧-𝐝𝐨𝐥𝐥𝐚𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐄𝐠𝐲𝐩𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐢𝐝𝐬𝐭 𝐨𝐟 𝐄𝐔 𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐜𝐚𝐦𝐩𝐚𝐢𝐠𝐧

the strategic alliance between Egypt and the EU. On March 17 in Cairo, Egyptian President Abdel Fattah Al-Sisi will meet with European Commission President Ursula von der Leyen, Belgian Prime Minister Alexander De Croo, Greek Prime Minister Kyriakos Mitsotakis, and Italian Prime Minister Giorgia Meloni to discuss upgrading ties between the EU and Egypt to a strategic partnership.

European governments have been concerned about the instability in Egypt, a country of 106 million people struggling to raise foreign currency and facing increasing migration. However, the financial pressure on the government has eased as Egypt has struck a record deal for Emirati investment, expanded its loan programme with the IMF, and sharply devalued its currency. Egypt’s strategic importance has been underscored by the conflict in Sudan and the war in Gaza. The European Commission President Ursula von der Leyen will lead a delegation that includes the Italian, Greek, and Cypriot presidents. Egypt has lined up $20 billion in multilateral support after increasing its loan and economic reform programme with the IMF. However, there has been a surge in Egyptians trying to cross to Europe via Libya, and the European Union is already providing funding aimed at reducing those flows.

@prognoz_news