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IMF approves $1.8B for Egypt
The International Monetary Fund has agreed to disburse $1.8 billion to Egypt as part of the Extended Fund Facility program, with a total value of $8 billion. This follows the completion of the seventh review, which reflects the Fund's confidence in Egypt's economic policies, as the country continues implementing structural reforms to promote sustainable growth and attract investments. These reviews are part of the government’s efforts to address economic challenges, especially in light of the Israeli war on Gaza, with Egypt’s economy maintaining resilience through measures such as fiscal tightening, exchange rate adjustments, and tight monetary policies. The government is expected to introduce a new national economic program after the IMF program concludes at the end of 2026, based on Egypt’s Vision 2030 and development priorities.
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