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المصري اليوم
Egypt's Economic Reform Plans Post-IMF
Mohamed Maziad, the Executive Director of the International Monetary Fund, conveyed that the stability of the Egyptian economy is a vital element for the security and stability of the region. As the three financing programs initiated in 2016, with a total value of $28 billion, approach their conclusion in December 2026, he clarified that Egypt will continue its path of economic reform through a "pure national program" without new agreements with the Fund. The country will rely on strengthening the role of the private sector and reducing external dependencies, despite geopolitical challenges and the decline in Suez Canal revenues. He also emphasized that Egypt is moving towards improving its cash flow indicators by increasing tourist revenues, remittances from Egyptians, and exports, with a focus on effective debt management and innovating solutions to lower borrowing costs.
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