The International Monetary Fund (IMF) has completed the seventh review of Egypt’s Extended Fund Facility (EFF) programme and the second review under its Resilience and Sustainability Facility (RSF), unlocking approximately $1.8 billion in new financing for the North African economy. According to Reuters, the latest disbursement includes $1.5 billion under the EFF and about $272 million through the RSF, bringing Egypt’s total IMF funding under the current programme to roughly $7.3 billion. The IMF said Egypt has maintained macroeconomic stability despite the economic impact of regional conflicts and external shocks.
The Fund noted that Egypt’s economic reforms, including exchange rate flexibility, tighter fiscal and monetary policies, and fuel pricing adjustments, have supported a stronger recovery. Real GDP growth reached 5% in the third quarter of the 2025/26 fiscal year, with the IMF projecting 4.6% growth for the full year. However, the IMF stressed that Egypt must accelerate structural reforms by reducing the state’s role in the economy, expanding private sector participation through asset sales, and addressing high public debt and financing needs. “The Egyptian authorities have maintained macroeconomic stability despite a challenging external environment,” the IMF said.
The successful review reinforces investor confidence in Egypt’s economic reform programme at a time when the country is seeking to attract greater foreign direct investment and strengthen fiscal sustainability. For businesses and investors, the additional financing provides stronger external liquidity while signalling continued international support for Egypt’s reform agenda. It also enhances the country’s capacity to manage external financing pressures and sustain growth across key sectors, including manufacturing, tourism and infrastructure.
Looking ahead, Egypt’s focus will shift to completing the remaining programme benchmarks before the IMF’s final review later this year. Continued progress on privatisation, fiscal consolidation and private sector reforms will be critical to maintaining investor confidence, strengthening long term economic resilience and supporting sustainable growth in one of Africa’s largest economies.
