The International Monetary Fund (IMF) Executive Board has completed the fifth and sixth reviews of Egypt’s Extended Fund Facility (EFF) programme, alongside the first review under the Resilience and Sustainability Facility (RSF), allowing Egypt to draw around USD 2.3 billion (EGP 110.3 billion), according to an IMF statement. The approval enables Egypt to immediately access approximately USD 2 billion (EGP 95.9 billion) under the EFF and USD 273 million (EGP 13.1 billion) under the RSF, bringing the country’s total disbursements under both programmes to about USD 5.2 billion (EGP 249.3 billion). The IMF said Egypt’s macroeconomic conditions have shown improvement following sustained stabilization measures, noting that tight monetary and fiscal policies, alongside exchange rate flexibility, have helped restore stability, reduce inflation, and strengthen the country’s external position. Real gross domestic product (GDP) growth rose to 4.4 percent in fiscal year 2024/2025, a measure of how much the economy’s total production of goods and services increased after accounting for inflation, while inflation declined to 11.9 percent in January 2026. The IMF also pointed to improvements in Egypt’s external accounts, with the current account deficit narrowing and foreign reserves increasing to aroundContinue reading "IMF Approves $2.3 Billion Disbursement for Egypt After Latest Reviews"
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