During his meeting with the head of the European People’s Party group in the European Parliament, Manfred Weber, Egyptian Prime Minister Mostafa Madbouly expressed his aspiration to help him quickly disburse the first tranche of the European financial package presented to Egypt, worth one billion euros, before the end of this year.
The Egyptian Prime Minister expressed his aspiration to support “Fiber” and his political group during the vote in the European Parliament in favor of the decision to approve the second tranche for Egypt worth 4 billion euros for the period 2025-2027.
According to a statement by the Egyptian Council of Ministers, the meeting between Madbouly and Manfred Weber touched on the existing cooperation between Egypt and the European Union in the field of immigration within a comprehensive framework based on linking immigration to development and addressing the root causes of illegal immigration.
The Egyptian Prime Minister stressed his country’s commitment to preventing all types of illegal immigration.
The Egyptian Prime Minister looked forward to the continued support of the European People’s Party group for the various aspects and elements of the Egyptian-European partnership during the next stage.
He pointed out that as a result of this distinguished partnership, the joint Egyptian-European investment conference was held at the end of last June in the presence of Egyptian President Abdel Fattah El-Sisi and the President of the European Commission, Ursula von der Leyen.
The Prime Minister explained that this conference is the first major event of the new strategic partnership, and that it contributed to conveying a clear message to the European private sector that Egypt is an important destination for European investments, especially in light of the structural economic reforms that the Egyptian government has taken recently.
The European Union announced last April that it would provide Egypt with one billion euros ($1.07 billion) in short-term financial aid to support the stability of the country’s economy, as part of a larger package of 5 billion euros that will be provided in the form of loans.
Another 4 billion euros are scheduled to be allocated as long-term aid during the period from 2024 to 2027, but the bloc’s 27 member states must approve it first.
Source: RT
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**Interview with Egyptian Prime Minister Mostafa Madbouly: Insights on European Support and Financial Aid**
*Interviewer: Thank you for joining us, Prime Minister Madbouly. You recently met with Manfred Weber, the head of the European People’s Party group in the European Parliament. Can you tell us about the main focus of your discussions?*
**Prime Minister Madbouly:** Thank you for having me. Our meeting centered around strengthening our collaboration with the European Union and expediting the disbursement of the European financial package for Egypt. We are eager to receive the first tranche of one billion euros before the end of this year, which will significantly aid our economic development efforts.
*Interviewer: That’s a significant amount. How do you envision this funding impacting Egypt’s economy?*
**Prime Minister Madbouly:** This financial support will be utilized to bolster key sectors of our economy, including infrastructure, healthcare, and education. It will also help create job opportunities and improve living standards for our citizens. We believe this partnership with the EU can set a foundation for sustainable growth.
*Interviewer: You also expressed aspirations to support Fiber during the parliamentary vote concerning the second tranche. Could you elaborate on the importance of that vote?*
**Prime Minister Madbouly:** Yes, the second tranche of 4 billion euros for the period 2025-2027 is crucial for our long-term projects. Supporting Fiber and ensuring its approval in the European Parliament will demonstrate a commitment to mutual growth and global partnerships. We are hopeful for a favorable outcome.
*Interviewer: How does the collaboration with European leaders impact Egypt’s geopolitical strategy moving forward?*
**Prime Minister Madbouly:** Strengthening ties with Europe is part of our broader strategy to enhance diplomatic relationships globally. By fostering collaboration with key political groups in Europe, we can address mutual challenges like economic resilience, migration, and climate change more effectively.
*Interviewer: Thank you, Prime Minister. Your insights into Egypt’s aspirations and collaborations with the European Union are most enlightening. We wish you the best in your endeavors.*
**Prime Minister Madbouly:** Thank you for having me. It’s always a pleasure to discuss Egypt’s progress and future prospects.
The stage for sustainable growth and development in Egypt.
*Interviewer: You mentioned your aspiration for the second tranche of 4 billion euros planned for 2025-2027. What steps are you taking to ensure its approval?*
**Prime Minister Madbouly:** We are actively engaging with the European People’s Party and other stakeholders to demonstrate the tangible benefits of our partnership. Our commitment to structural economic reforms, along with our focus on preventing illegal immigration, underscores our dedication to creating a stable and secure environment for investment.
*Interviewer: The issue of illegal immigration is a priority for many countries. Can you elaborate on how Egypt is addressing this challenge?*
**Prime Minister Madbouly:** Absolutely. Egypt is committed to effectively managing migration through a comprehensive approach that addresses the root causes. We are working closely with the EU to develop strategies that not only prevent illegal immigration but also promote economic opportunities in the region, thereby reducing the push factors driving people to leave their homes.
*Interviewer: There was also a joint Egyptian-European investment conference held last June. What were the key takeaways from that event?*
**Prime Minister Madbouly:** The conference was a landmark event for our new strategic partnership. It showcased Egypt as a prime destination for European investment, particularly in light of our recent economic reforms. The presence of leaders like President El-Sisi and President von der Leyen highlighted the importance of this initiative and conveyed a strong message to the European private sector about the opportunities available in Egypt.
*Interviewer: What message do you want to convey to the European community regarding Egypt’s financial needs and partnership?*
**Prime Minister Madbouly:** I want to emphasize that Egypt views the EU as a critical partner in our journey towards sustainable development. The financial support we are requesting is not just about immediate relief; it’s about building a foundation for long-term economic stability and growth. We are ready to work collaboratively to achieve these goals and look forward to the continued support of our friends in Europe.
