Tuesday 15/July/2025 – 07:47 PM
In its latest reports, the International Monetary Fund revealed The fourth review of the Egyptian Economic Reform Program, and the sixth review of the program is scheduled to be held on September 15th, and the seventh review on March 15, 2026.
IMF: The upcoming review of the Egypt Financing Program during the next September and March
In its report, the Fund stated that Egypt will continue to implement major policies to maintain the stability of the macroeconomic, despite the ongoing regional tensions that caused a sharp decrease in the revenues of the Suez Canal.
In its report, the Monetary Fund stressed: The growth slowed to 2.4% in the fiscal year 2023-2024, a decrease from 3.8% in the previous fiscal year.
The IMF said that Egypt was approved to withdraw about 1.2 billion US dollars about 922.87 million units of special withdrawal rights immediately, bringing Egypt’s total purchases, according to this agreement, to about 3.207 million US dollars about 2.420.22 million special withdrawal rights units; That is, the equivalent of 119% of its share.
The 46 -month -long facilitation agreement for Egypt, which is 46 months, was approved on December 16, 2022, as well as the approval of the Executive Council of the International Monetary Fund to request the authorities to obtain an agreement according to the facilitation of flexibility and sustainability, with the ability to reach about 1.3 billion US dollars about a billion special withdrawal units.
