The International Monetary Fund (IMF) has completed the combined fifth and sixth reviews of Egypt’s economic reform programme, unlocking approximately 2.27 billion U.S. dollars in fresh financing, the Egyptian government announced on Thursday.
Following the approval, Egypt will immediately access about 2 billion dollars under the Extended Fund Facility (EFF) and 273 million dollars through the Resilience and Sustainability Facility (RSF).
The reform programme, launched in Dec. 2022, is set to deliver a total of 8 billion dollars under the EFF, alongside a 1.3-billion-dollar arrangement under the RSF. With the latest tranche, total disbursements under both facilities now stand at roughly 5.2 billion dollars. Egypt’s previous disbursement under the programme amounted to 1.2 billion dollars in April 2025.
In a statement issued after its board meeting on Wednesday, the IMF commended Egypt’s strengthening macroeconomic performance. Real GDP growth accelerated to 4.4 per cent in the 2024–2025 fiscal year, which ended in June, while inflation eased sharply to 11.9 per cent in Jan. 2026, supported by tight monetary and fiscal measures.
The current account deficit narrowed to 4.2 per cent of GDP in the 2024–2025 fiscal year, buoyed by robust remittances and tourism receipts. The Fund also highlighted renewed market confidence, citing successful external bond issuances, rising foreign direct investment inflows, and record non-resident participation in domestic debt markets.