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Finance Minister: IMF program ends by 2026
Ahmed Koujak, Egypt's Minister of Finance, expects two out of seven reviews of the program with the International Monetary Fund to be successful in the upcoming period, with the program scheduled to be completed before the end of 2026. Egypt's cooperation with the IMF is within an extended program lasting 46 months with a value of $8 billion to support economic reforms and financial stability, with its extension covering until mid-December 2026. The new budget aims to achieve an initial surplus of 5% of GDP, while reducing the deficit to approximately 4%.
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