European Union has signed an agreement to provide financial assistance to Egypt

Nov 29, 2013 16:19 IST

European Union on 28 November 2013 signed an agreement to provide the financial assistance worth 122 million dollar (€90 million) to Egypt to tide over the financial crisis. The funds under the assistance finance will be used to increase the children's access to education, social and reaching out to the most impoverished areas and improvements in unplanned housing.

An agreement to this effect was signed between the EU foreign policy chief Catherine Marie Ashton and Deputy Prime Minister Ziad Bahaaeeddin of Egypt at Brussels. Apart from this, the two sides have also discussed about the implementation of Egypt’s political roadmap. This calls for an elected Parliament and president by summer.

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