IMF board to review Egypt’s combined EFF, RSF reviews in 1Q 2026: Kozack

Doaa A.Moneim , Thursday 15 Jan 2026

The Executive Board of the International Monetary Fund (IMF) is expected to meet board in the first quarter of 2026 to consider the fifth and sixth reviews of Egypt’s Extended Fund Facility (EFF) programme, along with the first review under the Resilience and Sustainability Facility (RSF), the Director of Communications at the IMF, Julie Kozack, told Ahram Online.

IMF
 
Kozack was replying to Ahram Online's question about the expected schedule for the IMF board meeting to pass the three reviews.
 
The announcement follows a staff-level agreement reached on 22 December between an IMF mission and the Egyptian authorities on the combined reviews.
 
“We do expect that the board meeting for these combined reviews will take place in the first quarter of this year,” the IMF’s Director of Communications said, noting that a specific date has yet to be confirmed and will be shared once finalized.
 
In response to a question by Ahram Online on the extent to which global shifts would affect the IMF's estimations and projections for the Egyptian economy in 2026, Kozack explained that the world economy remains in a period of heightened uncertainty, which continues to affect individual countries in different ways.
 
She noted that the IMF’s upcoming January World Economic Outlook update, scheduled for release next week, provides a comprehensive assessment of global and regional economic trends.
 
“As part of our engagement with Egypt, our teams are closely monitoring how global uncertainty is affecting the Egyptian economy and its access to financing,” the IMF communications chief said.
 
She highlighted the decline in traffic through the Suez Canal and its impact on Egypt’s revenues, an issue previously addressed in IMF staff reports. She added that commodity prices, oil prices, and regional developments remain key factors to be observed closely.
 
IMF teams will continue working with the Egyptian authorities to assess how external shocks and global shifts could influence Egypt’s economic outlook, Kozack told Ahram Online.
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