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Mawardy: IMF reviews affirm Egypt’s economic strength
The Egyptian government has confirmed that the International Monetary Fund's decision to complete the seventh review of the Extended Fund Facility program and its sustainability phases reflects international institutions' confidence in the country's economic reforms. Egypt has managed to secure new funding of approximately $1.77 billion, bringing the total financing to around $7.3 billion, as part of efforts to enhance the economy's resilience and strength. The report also praised the country's economic performance despite regional conflicts, noting a real growth rate of 5% in the third quarter of the 2025/2026 fiscal year, and a more than 119% increase in foreign exchange reserves. Additionally, the report highlighted Egypt’s success in overcoming external challenges thanks to financial reforms and flexible economic policies, emphasizing the government's commitment to continuing reforms to strengthen the private sector and achieve sustainable growth.
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