EU to provide 3 billion Euros to Egypt’s agriculture

21 June 20222 min reading

The EU will provide 3 billion Euros to agriculture, nutrition, water, and sanitation programs of Egypt, EU Commission President Ursula von der Leyen announced.

Speaking at a joint press conference alongside Egypt’s President Abdel Fattah al-Sisi in Cairo, von der Leyen said the immediate relief of 100 million Euros to Egypt aims to help the country face “the immediate situation of food security” which has resulted from the Russia-Ukraine war. “This will hopefully help to increase the grain storage capacity and will provide finance for rural businesses and farmers,” she said. Von der Leyen noted that the EU will devote 3 billion Euros to agriculture, nutrition, water, and sanitation programs over the next few years in the region for the purpose of supporting food systems in the region and elsewhere.

Sisi thanked von der Leyen for her visit to Egypt, noting that his country is keen on improving cooperation with the EU particularly amid the “difficult economic and political circumstances” which the world currently faces. Commenting on current economic global challenges, Sisi said that he and von der Leyen agreed on the importance of coordinated international efforts with all partners to mitigate the consequences of the food crisis particularly in countries that are most affected by it.

The conflict in Ukraine has fueled a global food crisis, with surging prices for grains, cooking oils, fuel, and fertilizer. Russia and Ukraine account for nearly a third of global wheat supplies, while Russia is also a key fertilizer exporter and Ukraine a major supplier of corn and sunflower oil.

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