European Union announces €7.4 billion package of aid for Egypt to fund efforts in curbing migration.
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00:00 The EU has announced a 7.4 billion aid package for Egypt.
00:05 The EU fears that economic pressure, war and chaos in neighboring countries could lead to mass migration to the country.
00:12 The package is expected to be signed during a visit to Cairo by European Commission President Ursula von der Leyen and other European leaders.
00:20 The partnership between the European Union and Egypt is of critical importance.
00:26 The presence of six European leaders today shows how deeply we value our relationship.
00:34 We share strategic interests in stability and prosperity.
00:39 The package includes loans disbursed over three years for the Arab world's most populous country.
00:46 But the aid package is not good news for everyone.
00:48 Amnesty International has warned Egypt will have to be scrutinized
00:52 to ensure it adopts measures in line with EU human rights and freedom of expression standards.
00:58 [WHOOSH]