.jpg?20260228')
The Executive Board of the International Monetary Fund (IMF) announced the completion of the fifth and sixth reviews of Egypt's economic reform program supported by the Extended Fund Facility (EFF) arrangement and the first review under the Resilience and Sustainability Facility (RSF) arrangement, which makes available immediate financing of approximately $2.27 billion.
According to the Middle East News Agency (MENA), the IMF announced the extension of its 46-month EFF arrangement, that was approved on December 16, 2022, has been extended through December 15, 2026.
The IMF said in a statement that Egypt's macroeconomic conditions have improved as stabilisation policies took hold.
Policy priorities include maintaining exchange rate flexibility, completing disinflation, strengthening domestic revenue mobility, and implementing a comprehensive debt management strategy while enhancing social spending and measures to protect the most vulnerable.
&uuid=(email))