The International Monetary Fund has completed key programme reviews for Egypt, paving the way for the immediate disbursement of approximately $2.3 billion in fresh financing, according to Reuters.
The IMF’s Executive Board concluded the fifth and sixth reviews under Egypt’s Extended Fund Facility arrangement, alongside the first review of its Resilience and Sustainability Facility programme. The decision unlocks roughly $2 billion under the EFF and about $273 million under the RSF, bringing total disbursements under the combined programmes to more than $5 billion to date.
In its statement, the IMF noted that Egypt’s policy tightening, commitment to exchange rate flexibility, and fiscal consolidation efforts have helped stabilise macroeconomic conditions. Inflation has moderated from recent peaks, while foreign exchange buffers have improved, supported by stronger tourism revenues, remittance inflows and external financing.
However, the Fund stressed that continued structural reforms remain critical. Measures to reduce the state’s economic footprint, advance privatisation, and strengthen private sector participation will be essential to securing sustainable growth and addressing elevated public debt levels.
The completion of the reviews provides Egypt with additional fiscal space and reinforces investor confidence as authorities press ahead with reforms aimed at restoring economic stability and long-term resilience.
