Activity under preparation EU support to the implementation of socio-economic reforms at local level

About this project

In March 2024, the European Union (EU) and Egypt have agreed to elevate their relationship and develop a Strategic and Comprehensive Partnership for shared prosperity, stability and security, based on joint interest and mutual trust and building on the already existing positive agenda in EU-Egypt relations. Underpinning the partnership will be a financial package consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda composed of Macro-Financial Assistance (MFA), guarantees and blending, as well as programmes and technical assistance for specific priorities. The proposed Action is fully part of this approach, covering the Human capital development¿s pillar of the package and in line with the 2021-27 Partnership Priorities, notably Priority 1 on Egypt's Sustainable Modern Economy and Social Development.Egypt¿s critical economic and financial situation has been exacerbated by the repercussions of global and regional conflicts. The Russia´s war of aggression in Ukraine, the Gaza crisis, and the attacks on vessels in the Red Sea have negatively affected the Egyptian economy, namely because of increase in imported grain prices, of loss of revenues from tourism and Suez Canal traffic, and of protracted capital outflows and decreased remittances inflow. The Sudan conflict is putting extra pressure on social services and communities with 500,000 Sudanese and 8,827 individuals of other nationalities who crossed into Egypt between A…

Goals

Sustainable Development Goals this project works towards

• 3Good Health and Well-being
• 4Quality Education
• 10Reduced Inequalities
• 11Sustainable Cities and Communities

Published by

European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations · Other public sector

Countries

Egypt

Sectors

Urban development and managementEducation facilities and trainingBasic health care

Focus

Gender equality · Also contributesGood governance · Also contributesClimate adaptation · Also contributesMaternal, newborn and child health · Also contributesDisability inclusion · Also contributes

Published by European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations to the International Aid Transparency Initiative (IATI), last updated 30 Jan 2025 and imported automatically. IATI identifier: XI-IATI-EC_NEAR-2021-ACT-62665.

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