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IMF agrees with Egypt on reforms, paving way for $3.8B in aid as economy stabilizes.
The IMF has reached staff-level agreements with Egypt on the fifth and sixth reviews of its $8 billion Extended Fund Facility and the first review of its Resilience and Sustainability Facility, potentially unlocking $3.8 billion in disbursements if approved by the executive board.
Egypt’s economy has stabilized, with inflation falling to 12.3% by November 2024 from a 2023 peak of nearly 40%, foreign reserves rising to $56.9 billion, and growth reaching 5.3% in early 2025-2026.
The IMF praised progress driven by tourism, remittances, Gulf investments, and reforms but urged faster state asset divestments, fiscal consolidation, and improved governance of state-owned banks.
El FMI está de acuerdo con Egipto en reformas, allanando el camino para $3.8B en ayuda a medida que la economía se estabiliza.