The European Union (EU) and Egypt signed a “strategic partnership” for 7.4 billion euros on Sunday, in the midst of the economic crisis. This agreement targets the areas of energy and migration, raising concerns among defenders of human rights

The signed agreement includes “five billion euros in loans, including one billion paid out before the end of 2024, 1.8 billion in investments, 400 million in aid for bilateral projects and 200 million in aid for programs dealing with migration issues”, detailed a senior European Commission official on condition of anonymity. With this agreement, “we are elevating the relationship between the European Union and Egypt to the status of a global strategic partnership”, welcomed Ursula von der Leyen, “ranging from trade to low-carbon energies through migration management”. This inflow of funds is a breath of fresh air for Egypt, which is currently experiencing the worst economic crisis in its history