Egypt lowers IMF debt to 9.3B
The article explains that Egypt is committed to repaying its debts to the International Monetary Fund, with its outstanding amounts decreasing to less than $9.3 billion until June 30, 2026. Since the start of its programs with the Fund in November 2016, Egypt has received a total financing of $25.3 billion, which included aid during the COVID-19 pandemic and various economic reform programs. Egypt has paid over $16 billion of its debt, reflecting its commitment to timely repayment. It also indicates that Egypt has an outstanding amount of $1.8 billion due in the upcoming November review.
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