IMF mission arrives in Cairo for seventh review of Egypt’s reform program

CAIRO – 17 May 2026: The International Monetary Fund’s mission has arrived in Cairo to launch the seventh review of Egypt’s Extended Fund Facility program, a step that could pave the way for the disbursement of nearly $1.6 billion in additional financing, IMF Director of Communications Julie Kozack said during a press briefing.

The mission will also conduct the second review under the Resilience and Sustainability Facility, while holding talks with Egyptian authorities on the effects of the war in the Middle East on Egypt’s economy.

Kozack said the IMF team will review the policies and measures needed to meet the program’s targets and support a strong, sustainable economic trajectory that benefits all Egyptians.

She noted that the economic impact of the war in the Middle East on Egypt remains relatively limited, adding that the IMF expects the Egyptian economy to maintain resilient growth. The mission is set to assess these developments further during its meetings in Cairo.

Kozack also referred to the recent meeting between President Abdel Fattah El-Sisi and IMF Managing Director Kristalina Georgieva on the sidelines of the Africa–France Summit in Kenya, where the two sides discussed the global repercussions of the war and the latest developments in Egypt’s economic reform program.

In February, the IMF completed the fifth and sixth reviews of Egypt’s reform program, enabling the disbursement of around $2 billion under the Extended Fund Facility, in addition to $273 million under the Resilience and Sustainability Facility.

The disbursements were equivalent to 1.465 billion Special Drawing Rights under the Extended Fund Facility and 200 million Special Drawing Rights under the Resilience and Sustainability Facility.