IMF: Egypt's economy shows resilience amid Iran tensions
The International Monetary Fund (IMF) stated that the Egyptian economy has demonstrated resilience in the face of the repercussions of the Middle East war, supported by flexible economic policies, a flexible exchange rate, and improved economic safety margins, with growth reaching 5% in the third quarter of fiscal year 2025-2026. It noted a recovery in financial markets and the return of foreign investor flows, alongside continued strength in tourism and remittances from workers abroad, coupled with a decline in sovereign bond risk premiums. The Fund warned of rising public debt and funding needs, urging the acceleration of reforms and government asset divestment programs to bolster the role of the private sector, with its low external debt projections reaching $177 billion during the current fiscal year, and a downward revision of its debt service estimate to $59 billion.
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