EFF
Egypt is developing a medium-term debt management strategy aimed at increasing transparency and gradually lowering the high costs of debt servicing within the budget.
Earlier this month, an IMF delegation traveled to Cairo to engage in talks with Egyptian officials concerning the review, which, upon completion, could lead to the release of a $1.2 billion installment.
Sisi said Egypt has lost about $6-7 billion in the last 10 months amidst ongoing regional and global repercussions
With the 3rd review completed, Egypt will receive $820 million in the coming days, meaning it will have obtained $1.64 billion from the $8 billion loan since the agreement’s approval in 2022
As the IMF deal comes to an end, we review the three-year arrangement and look ahead at the future of the Egyptian economy.
