imf

IMF noted to arrive this week for 5th review of $8B loan program

Mon, 05 May 2025 - 01:44 GMT

This fifth review comes as part of the program signed with the IMF, following the Fund’s approval in early April to disburse the fourth tranche of the loan, valued at $1.2 billion.

IMF’s latest report notes reform progress, debt sustainability as reasoning for recent economic forecast

Sun, 04 May 2025 - 11:01 GMT

The IMF noted that “economic activity is expected to pick up but remain modest” in FY2025/2026, reflecting the complex challenges Egypt continues to face.

IMF upgrades Egypt’s growth forecast amid regional downturn

Tue, 22 Apr 2025 - 02:24 GMT

The revised estimates suggest Egypt’s economy will expand by 2.4 percent this year, followed by growth of 3.8 percent in 2025 and 4.3 percent in 2026.

Prime minister says planned rise in fuel prices to be gradual, diesel to remain subsidized

Wed, 26 Mar 2025 - 04:06 GMT

The IMF in March stated that Egypt, which is connected to the lender via an $8 billion Extended Fund Facility (EFF) loan program, remains committed to lifting fuel subsidies by the end of 2025.

IMF enables Egypt to access sustainability facility worth $1.3B to support country-wide initiatives

Wed, 12 Mar 2025 - 12:55 GMT

This funding is part of a larger effort by Egypt to implement its climate strategy, which has been developed in collaboration with multiple ministries and government entities.

IMF highlights Egypt’s economic recovery as it approves largest tranche of its $8B program

Wed, 12 Mar 2025 - 11:56 GMT

This follows a statement from the IMF's Executive Board, which acknowledged Egypt’s progress in stabilizing its economy despite ongoing external challenges.

IMF to review Egypt’s loan program on March 10, paving way for $1.2B

Sun, 02 Mar 2025 - 10:39 GMT

Pending approval, the country is expected to receive the fourth tranche of its loan agreement, valued at $1.2 billion.

IMF confirms 4th review to be finalized soon, potential $1.2B tranche to be released

Sun, 09 Feb 2025 - 11:37 GMT

The IMF's Executive Board is expected to consider both the fourth review of Egypt’s loan program and the discussions around the RSF in the coming weeks.

IMF lowers Egypt's economic growth projections for FY2024/2025, FY2025/2026

Sun, 19 Jan 2025 - 12:11 GMT

Similarly, the projection for FY2025/2026 has been revised down to 4.1 percent, compared to the previous estimate of 5.1 percent.

Egypt, IMF reach staff-level agreement on 4th EFF review to unlock $1.2B

Wed, 25 Dec 2024 - 06:50 GMT

“The Egyptian authorities have continued to implement key policies to preserve macroeconomic stability, despite ongoing regional tensions that are causing a sharp decline in Suez Canal receipts.”

PM: Egypt capable to meet economic obligations despite regional challenges

Wed, 11 Dec 2024 - 02:25 GMT

Madbouly disclosed the government's plans to offer 11 companies for sale during the upcoming year, prominently featuring the military-affiliated Wataniya, Safi, Silo Foods, and ChillOut

Egypt's Finance Minister praises METAC’S support in economic development

Wed, 04 Dec 2024 - 01:12 GMT

He reaffirmed Egypt’s commitment to its partnership with METAC, focusing on strengthening the resilience of economies in the MENA region against shared challenges.

PM says Egypt ‘will not repeat past mistakes’ on exchange regime as pound exceeds 49.5 per $1

Sat, 30 Nov 2024 - 07:56 GMT

Madbouly remarked on the historical perception within Egypt that a fixed exchange rate symbolized a state's robustness and endurance and that a flexible exchange rate system should be avoided

IMF, Egyptian authorities make progress on fourth EFF review

Thu, 21 Nov 2024 - 08:23 GMT

According to the IMF, Egypt has implemented key reforms to stabilize its economy despite these pressures.

IMF keen on maintaining Egypt’s ability to remain stable despite surrounding turmoil

Tue, 05 Nov 2024 - 09:58 GMT

The International Monetary Fund (IMF) is keen on maintaining the dynamic movement in Egypt as a pillar of stability despite being surrounded by many troubles, Kristalina Georgieva, IMF Managing Director said Monday.

IMF expects Egypt’s inflation rates to reach 17% during coming period

Sun, 03 Nov 2024 - 11:48 GMT

She anticipates that inflation rates could fall to 17 percent in the coming period, a goal backed by the IMF’s support of Egypt’s ongoing economic reforms.

Egypt prioritizes combating inflation, empowering private sector: Sisi to IMF’s Georgieva

Sun, 03 Nov 2024 - 11:33 GMT

Sisi emphasized that the state prioritizes alleviating the pressures and burdens on citizens

IMF’s Azour: Egypt on target to meet IMF program goals of recovery, inflation, FX

Thu, 31 Oct 2024 - 11:46 GMT

“The program is moving in the right direction and is gradually achieving its targets, both in terms of growth recovery and gradual decline in inflation, and a normal functioning of the foreign exchange market,” Azour said during a briefing in Dubai.

IMF conducting study on impact of reforms on Egyptians before 4th review

Mon, 28 Oct 2024 - 01:51 GMT

New data is expected to reveal the effects of economic reforms on household spending following two years of currency devaluation and rising prices.

Maait accepts role as Arab countries, Maldives representative at IMF

Sun, 27 Oct 2024 - 12:13 GMT

He also thanked Prime Minister Mostafa Madbouly and the Egyptian government for their support during the nomination and voting process.

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