Egypt reduces its balance of payments deficit to $1.8 billion in 9 months

Egypt reduced its balance of payments deficit to approximately $1.8 billion during the first nine months of the 2025/2026 fiscal year, compared to $1.9 billion in the same period of the previous year, reflecting a decrease of 2.9%. At the same time, remittances from Egyptians working abroad increased by 31.2%, reaching around $43.1 billion, with a monthly rise of 13.5% in May 2026. Additionally, the International Monetary Fund reached an agreement with Egypt on two review units within its financial support program, paving the way for the disbursement of approximately $1.6 billion, amid economic stability and limited impact from regional conflicts and government measures to curb inflation and achieve the targeted primary surplus.

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