8 Hrs
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عربي21
Egypt's IMF Decade
The report takes stock of a decade of International Monetary Fund programs in Egypt. Since 2016, loans have totaled about $25.3 billion, while the pound has weakened from 8.88 to around 56 per dollar, and external debt has risen from $55.8 billion in 2015/16 to $166.75 billion in 2024/25. Experts say subsidy cuts and exchange-rate liberalization have intensified cost-of-living pressures, while insufficient progress has been made toward productive transformation. Inflation reached about 38% in September 2023, and poverty, measured against the national poverty line, stood at 33.5% in 2021/22. The report also notes that fuel prices were raised 21 times and electricity prices 10 times between 2016 and 2026, alongside growing food insecurity and a declining ability to afford healthy food. It warns that continued reliance on borrowing and short-term inflows could further heighten the economy’s vulnerability.
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