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Fitch does not foresee Egypt joining new IMF programs
Fitch Ratings has forecasted that the Egyptian government will not enter into new borrowing programs with the International Monetary Fund after the current program concludes in November 2026. Egypt had signed a Stand-By Arrangement with the IMF valued between $3 billion and $8 billion, and has been implementing economic reforms including exchange rate flexibility, privatization of the private sector, and fuel subsidy reductions. Fitch confirmed that Egypt will proceed with its current economic policies, such as maintaining positive real interest rates and achieving a substantial primary surplus, with support from other lenders like the European Union and the World Bank. The agency emphasized that Egypt's sovereign credit rating of B, with a stable outlook, reflects the country's potential for robust economic growth and diverse sources of support.
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