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The Guardian - UK
The Guardian - UK
World
Lisa O'Carroll Brussels correspondent

EU seals €7.4bn deal with Egypt in effort to avert another migration crisis

Ursula von der Leyen and Abdel Fatah al-Sisi hold up  signed declarations, watched by EU leaders in the background
Ursula von der Leyen and Abdel Fatah al-Sisi hold up signed declarations after the summit in Cairo on Sunday. Photograph: Stavros Ioannides/PIO/AFP/Getty Images

EU leaders have sealed a €7.4bn (£6.3bn) deal with Egypt to help boost the country’s faltering economy, in an attempt to bring stability to the “troubled” region and avert another migration crisis in Europe.

The three-year EU-Egypt strategic partnership involves €5bn in soft loans to support economic changes, €1.8bn to support investments from the private sector and €600m in grants including €200m for migration management.

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