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Egypt secures $25.3B from IMF since 2016
Since the start of its first program with the International Monetary Fund (IMF) in November 2016, Egypt has received approximately $25.3 billion in support from the IMF to back its economic reforms and address the challenges posed by the COVID-19 pandemic. This funding included various programs, such as a $12 billion loan, rapid financing of $2.8 billion during the pandemic, another program in 2020 amounting to $5.2 billion, and a new program initiated in 2022 which increased to $8 billion in 2024. Additionally, there was supplementary funding from the Resilience and Sustainability Facility. Egypt has successfully repaid over $16 billion of its debt to the IMF, with its outstanding obligations declining to less than $9.3 billion by June 2026, aided by recent financing agreements driven by the Egyptian economy's performance and its successful implementation of reform program targets.
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