European leaders are expected to announce a multi-billion euro funding package.
Egyptian President Abdel Fattah al-Sisi meets with European Commission President Ursula von der Leyen at the Ittihadiya presidential palace in Cairo, Egypt, November 18, 2023.European leaders are expected to announce a multi-billion euro funding package and an upgraded relationship with Egypt in Cairo on Sunday, part of a push to stem migrant flows across the Mediterranean that has been criticised by rights groups.
Inflation has been running close to record highs and many Egyptians say they struggle to get by. Over the past month, 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.
European Commission President Ursula von der Leyen will lead a delegation on Sunday that also includes the Italian and Greek prime ministers and the Cypriot president. Egyptian officials say Egypt deserves recognition for hosting an estimated nine million foreign residents and largely shutting off irregular migration from its north coast since 2016.But 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.
Rights groups say tens of thousands of people have been jailed in a crackdown that has swept up dissidents from across the political spectrum.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SIU's R3.3 bln in recoveries leaves SCOPA unimpressed - SABC News - Breaking news, special reports,The SIU says the establishment of the Special Tribunal assisted in fast tracking recoveries.
Read more »
Businesses warn of devastating impact of load shedding - SABC News - Breaking news, special reports, world,Businesses from diverse industries came under one roof to seek clarity on the current state of the power supply in the country. Ramokgopa presented long and
Read more »
Ballot paper size amongst IEC's biggest challenges - SABC News - Breaking news, special reports, world,IEC says it is facing challenges while preparing for May's national and provincial elections.
Read more »
Godongwana's budget is a mixed bag: COSATU - SABC News - Breaking news, special reports, world,The country's labour sector has expressed mixed feelings about the 2024 budget speech.
Read more »
No increase in taxes for individuals - SABC News - Breaking news, special reports, world, business, sportFinance Minister Enoch Godongwana announced no increase on income personal tax brackets.
Read more »
MPs vote in favour of Motata being impeached - SABC News - Breaking news, special reports, world, business,Motata becomes the second judge to be impeached today.
Read more »