IMF Approves $1.8B for Egypt Amid Inflation Rise
The International Monetary Fund has approved the disbursement of approximately $1.8 billion to Egypt following the completion of two financial reviews, bringing the total support for the programs to around $7.3 billion. The Fund indicated that Egypt faces economic challenges such as inflation rising to 14.3% and expected growth slowing to 4.4% during the 2026-2027 fiscal year, with regional conflict impacts affecting the economy. Despite this, the Egyptian economy grew by 5.2% in the first nine months of the year, and the country benefited from exchange rate flexibility and improved foreign reserves. However, efforts toward structural reforms are progressing slowly, with risks stemming from regional and financial pressures.
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