RIYADH: After completing the most recent evaluations of the nation’s economic reform agreements, the International Monetary Fund’s executive board granted Egypt immediate access to about $1.8 billion in funding.
The ruling permits Egypt to withdraw roughly $1.5 billion under the Extended Fund Facility and $272 million under the Resilience and Sustainability Facility, for a total of roughly $7.3 billion in purchases and payments under the two agreements.
The most recent funding coincides with Egypt’s ongoing implementation of an economic reform program supported by the IMF that aims to reduce public debt, restore macroeconomic stability, and lessen the state’s economic influence in order to provide more room for private sector investment.
The country’s external position has improved thanks to exchange-rate flexibility, fiscal consolidation, and energy sector reforms, according to the IMF, but divestitures and the reduction of the state’s economic footprint have progressed more slowly than anticipated.
Exchange-rate flexibility, energy price adjustments, and spending limitations, according to the IMF, helped mitigate the economic effects of the Middle East conflict. In 2025–2026, the current account deficit is projected to be 4.5 percent of GDP. Record remittances, tourism receipts, and a slow rebound in Suez Canal income lessened the burden of rising oil and gas prices.
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