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Madbouly: Over $1.7B from IMF next week
Egyptian Prime Minister Dr. Mostafa Madbouly announced that the government expects to receive more than $1.7 billion as a disbursement from the International Monetary Fund next week, following the completion of Egypt's seventh review of its economic program. This funding reflects strong confidence in the Egyptian economy and confirms the government's ongoing commitment to economic reforms. He added that the new economic program, currently being discussed with experts, is expected to be finalized by the end of September 2026. The program aims to promote economic growth, particularly in the industrial sector, which has experienced high growth, and to raise non-oil exports to approximately $48.6 billion in 2025, with a plan to increase exports to over $100 billion by 2030.
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