EU €5bn aid to Egypt stands yet stymied by limited economic reform

EU €5bn aid to Egypt stands yet stymied by limited economic reform

The European Union (EU) will be cancelling a series of grants and loans, totalling upwards of €5bn, previously scheduled to be provided to Egypt from the European Investment Bank and the European Bank for Reconstruction and Development, according to James Moran, EU ambassador to Egypt. ( AFP Photo)

The European Union (EU) says €5bn pledged to Egypt as loans and grants are still available but stalled by limited unclear economic vision, according to James Moran, EU ambassador to Egypt.
( AFP Photo)

The European Union’s (EU) pledged grants …