IMF Reviews Egypt's Loan Program Amid Economic Reform

The International Monetary Fund (IMF) is set to begin its fourth review of Egypt's loan programme on Tuesday, which could unlock over $1.2 billion in financing as part of a larger $8 billion deal aimed at addressing economic challenges such as high inflation and foreign currency shortages. Egyptian Prime Minister Mostafa Madbouly emphasized the importance of cooperation with the IMF, while Managing Director Kristalina Georgieva noted a decrease in Egypt's inflation from 37% to between 25% and 26%. The discussions will also address Egypt's aspirations for a greener economy and its request for additional funding under the Resilience and Sustainability Facility. President Abdel Fattah al-Sisi reiterated the need for continued partnership with the IMF to enhance economic stability and employment. Georgieva projected GDP growth for Egypt to reach 4.2% by FY2025, reflecting positive macroeconomic indicators. However, Sisi warned that reassessment of the loan programme may be necessary if international institutions fail to recognize the region's unique challenges.